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Article: Eastern Paper's Commercial Printing, Tissue and Release-Liner Customers Profit from Major Operating Cost Reductions.
- Article from:
- Business Wire
- Article date:
- June 20, 2003
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Business Editors
AMHERST, Mass.--(BUSINESS WIRE)--June 20, 2003
Eastern Pulp & Paper Corporation said that fresh capacity and cost reductions this month at its two mills in Maine, combined with ongoing funding from shareholders and banks, are strengthening the company's ability to serve its customers and prospects in commercial printing, specialty and technical converting markets.
This week, the federal judge overseeing Eastern's financial reorganization ordered a 7.5% wage reduction from unionized employees at the company's Brewer and Lincoln, Maine mills.
That, combined with a 7.5- to 10% pay reduction for salaried employees ...