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Western Forest Products Inc T.WEF

Alternate Symbol(s):  WFSTF

Western Forest Products Inc. is a Canada-based integrated forest products company building a margin-focused log and lumber business to compete in global softwood markets. The Company’s primary business is the sale of lumber and logs, which includes timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber. It has a lumber capacity of approximately 885 million board feet from six sawmills, as well as operates four remanufacturing facilities and two glulam manufacturing facilities. The Company's product categories include outdoor living, exterior appearance, LIFESTYLE CEDAR, interior living, structural, industrial and WFP engineered products. Its outdoor living products include decking, timbers and fencing products. Its LIFESTYLE CEDAR products include LIFESTYLE CEDAR Decking and LIFESTYLE CEDAR Fencing. Its WFP Engineered Products include curved and arched glulams, straight glulams, and fabricated trusses.


TSX:WEF - Post by User

Bullboard Posts
Post by kijijion Sep 04, 2019 10:41pm
179 Views
Post# 30096781

Western Forest to start mediation with USW

Western Forest to start mediation with USW
WESTERN WELCOMES RETURN TO BARGAINING TABLE; RESPONDS TO NAFTA CHALLENGE PANEL DECISION
 
Western Forest Products Inc. and the United Steelworkers Local 1-1937 (USW) expect to begin mediation with independent mediator Vince Ready on Sept. 13, 2019.
 
"We look forward to resuming discussions with the USW to negotiate a collective agreement that creates certainty for our employees, while maintaining Western's competitive position during this particularly challenging time for the forest industry," said Don Demens, president and chief executive officer of Western. "It is important that we resume operations to supply our customers who, through their purchases, create thousands of jobs in B.C."
 
The strike, which commenced on July 1, 2019, affects all the company's USW-certified manufacturing and timberlands operations in British Columbia, impacting approximately 1,500 of the company's hourly employees, and approximately 1,500 employees working for the company's timberland operators and contractors.
 
Western also responded to the North American Free Trade Agreement (NAFTA) binational panel's decision issued today in relation to a prior U.S. International Trade Commission (USITC) ruling.
 
"While we are pleased with the panel's decision to send the U.S. lumber industry's injury case back to the USITC for review, we are disappointed that the panel did not make a similar finding in relation to the USITC's ruling that cedar/redwood is a distinct product group from commodity structural lumber," said Mr. Demens. "Softwood lumber duties continue to disproportionately impact high-value, specialty wood products, including Western red cedar, that have been unfairly brought into the dispute over structural lumber. We will continue to explore options to protect high-value products and, in particular, the coastal forest industry from this disproportional impact."
Bullboard Posts