Resolute to Indefinitely Idle Newsprint Mill in Nova Scotia
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“The mill produces newsprint primarily for export markets and is unable to compete due to declining prices in those markets, caused mainly by unfavorable currency fluctuations,” stated Richard Garneau, president and CEO of Resolute. “The decision to indefinitely idle production at the facility was difficult as we are mindful of the impact it will have on affected employees and local communities. We have worked diligently with the provincial government, our employees, union leadership and other stakeholders but simply could not overcome the inherent challenges.”
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