Thursday, December 1, 2011

December: Another Critical Month for Bowater Mersey

It's the beginning of another critical stretch for Bowater Mersey. Today is the deadline for 80 workers at the mill to either accept or reject severance packages from their employer while Resolute Forest Products is expected to make a decision on whether or not they will continue to operate the Brooklyn mill next week. A number of stakeholders have already agreed to numerous company demands and cost reduction measures which include a break on power rates, job cuts, wage freezes and tax relief. However, the company hasn't said if its enough to keep the mill in operation. Premier Darrell Dexter has yet to provide any details on potential assistance from the province to help keep the mill remain open. Resolute is expected to begin its Board of Director meetings on December 7th.