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Article: Eastern Paper CEO Says Financial Reorganization Yielding Strong Results; Emergence From Chapter 11 Status 'On Track'.
- Article from:
- Business Wire
- Article date:
- February 12, 2001
CopyrightCOPYRIGHT 2001 Business Wire. 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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Business Editors
AMHERST, Mass.--(BUSINESS WIRE)--Feb. 12, 2001
Eastern Pulp & Paper Corp. announced that it has reached important new wage and benefit agreements with employees at the company's two papermaking mills in northern Maine.
Employees at Eastern's Brewer and Lincoln, Maine, facilities earlier this month overwhelmingly voted in favor of the changes, which further reduce the company's costs. This development, along with effective cost reduction programs already in place, are key reasons for the company's economic progress, Eastern chairman and CEO Joseph Torras, Sr., said today.
"These encouraging developments, along with ...