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Article: Cascades Fine Papers Group Pursues Its Rationalization Plan.
- Article from:
- PR Newswire
- Article date:
- December 8, 2005
CopyrightCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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KINGSEY FALLS, QC, Dec. 8 /PRNewswire-FirstCall/ -- Cascades today announced the last stage in the strategic recovery plan for its Fine Papers Group plant located in Saint-Jerome. This rationalization will involve a restructuring of operations, including the closing of the smallest of the four paper machines, which produced 8,000 short tonnes per year, an amount equivalent to 5% of the plant's annual capacity.
Cascades' upper management met with the union representatives and management staff of the Saint-Jerome plant earlier today to inform them that this restructuring would gradually come into force in 2006, and that it would affect nearly 100 employees. ...