*NEWS*WEYERHAEUSER TO SHUT DOWN MILL

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*NEWS*WEYERHAEUSER TO SHUT DOWN MILL

 user 2005-12-26 at 9:34:00 am Views: 50
  • #13454

    Weyerhaeuser to permanently shut down mill
    December 2005 – Washington (WA): Weyerhaeuser has announced it will permanently close a mill in Saskatchewan that employs 690 people and shut down a paper machine in Ontario.
    In a statement chairman, president and chief executive Steve Rogel said: “We recognise that this news and its timing is hard on our people, but market conditions leave us no choice as we make urgent changes to improve the competitiveness and lagging financial performance of this business.” He added that Weyerhaeuser expects other changes to follow.
    The company will also shut down one of its paper machines at Dryden pulp and paper mill in Ontario on 1 April, affecting around 80 of the mill’s 795 employees