In
“We are disappointed that, despite the significant efforts of the working group and our team, we were unable to achieve an outcome that would see APD continue to operate,” said Western’s President and CEO
The Company intends to offer voluntary severance to the remaining 60 APD employees. Previously, when Western announced that the APD facility would not restart in its current configuration, the Company offered all eligible hourly employees a voluntary bridging to retirement program and preferentially hired a number of impacted APD employees into roles at its other facilities.
About
Western is an integrated forest products company building a margin-focused log and lumber business to compete successfully in global softwood markets. With operations and employees located primarily on the coast of
For further information, please contact:
Investor Inquiries: Executive Vice President & Chief Financial Officer (604) 648-4500 | Media Inquiries: Senior Director, Communications (604) 220-4923 |
Forward-looking Statements
This press release contains statements that may constitute forward-looking statements under the applicable securities laws. Readers are cautioned against placing undue reliance on forward-looking statements. All statements herein, other than statements of historical fact, may be forward-looking statements and can be identified by the use of words such as “intends” and similar references to future periods. Forward-looking statements in this news release include, but are not limited to statements relating to: the potential to execute future options for the APD property and the payment of voluntary severance to APD employees. Although such statements reflect management’s current reasonable beliefs, expectations and assumptions, there can be no assurance that forward-looking statements are accurate, and actual results or performance may materially vary. Many factors could cause our actual results or performance to be materially different, including a change in the Company’s financial situation, economic and financial conditions, and other factors referenced under the “Risks and Uncertainties” section of our MD&A in our 2023 Annual Report dated
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2024 GlobeNewswire, Inc., source