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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 Feb 04, 2020 10:01pm
137 Views
Post# 30643243

Mediators Withdraw from Mediation Process

Mediators Withdraw from Mediation Process
Feb. 04, 2020 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that the Company and the United Steelworkers Local 1-1937 (“USW”) have received a letter from independent mediators Vince Ready and Amanda Rogers informing the parties that they have withdrawn from the meditation process as they see no basis for a negotiated settlement at this time.
 
“We are disappointed that despite previous proposals offering superior wage and contract provisions to what the USW and the forest sector have agreed to throughout British Columbia we have been unable to reach a negotiated settlement,” said Don Demens, President & Chief Executive Officer of Western. “We will continue to explore all options available to bring an end to the prolonged USW strike and have reached out to the Ministry of Labour to seek clarification on next steps.”
 
“We recognize the profound impact the strike is having on our employees, contractors, their families and communities. We remain committed to reaching a fair and equitable agreement that recognizes the important contributions of our employees, while maintaining the sustainability of our business so that we can continue to serve our customers who, through their purchases, support thousands of jobs in communities on the coast of British Columbia,” said Mr. Demens.
 
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’s operations and contractors.
Bullboard Posts