Forest industry cuts continue in B.C. as Teal-Jones halts harvesting on coast

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The latest shutdown announcement from a wood products firm in British Columbia threatens the jobs of 800 employees in what the province's forests minister concedes is an industry 'correction.'

Dirk Meissner, The Canadian PressVICTORIA -- The latest shutdown announcement from a wood products firm in British Columbia threatens the jobs of 800 employees in what the province's forests minister concedes is an industry "correction."

"It's an indefinite shut down, and obviously, we intend to restart those operations as soon as possible," said Kotze. "It could be painful. It is of course impossible to predict when we will see a more sustained recovery in lumber prices. The sooner the better for us." Forests Minister Doug Donaldson said he offers his sympathies to the many hundreds of workers who have lost jobs, as well as their families and the communities hit by the cuts."The industry is correcting itself and that's what's going on right now," said Donaldson. "The industry needs a correction and it's happening now.

Opposition Liberal forestry critic John Rustad said in a statement the government's policies are killing the industry and resulting in more layoffs and closures.

 

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... nice B.C. finally attacking your own economy... can Alberta have theirs back now? How about that LNG not like it's a bigger problem of accidental release and not to mention worse for the atmosphere per ton before consumption

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