Along with laying off 1,400 workers nationwide Tembec will be closing the Pine Falls newsprint mill for two weeks, starting February 10th.
Tembec has been hit hard be the decline in US housing market and the ongoing general restructuring in the printing industrie. The structural decline of the printing market is exacerbated by the current recession, says Tembec. The recession is also affecting the pulp market seriously.
As a result the company is laying off up to 1,400 workers in plants in BC and Ontario and temporarily closing serveral plant accross Canada including Manitoba.