MONTREAL, Nov. 27, 2014 /CNW Telbec/ - In response to
UNIFOR Union Local 233's decision to go on strike effective as of
6:30 p.m. last night, Tembec ceases
the operations at its Temiscaming,
Quebec industrial complex, which comprises four main
facilities manufacturing specialty pulp, high-yield pulp, multi-ply
coated bleached board and powder and liquid phenolic resins. In
addition to the production interruption, the strike will delay the
commissioning activities now taking place on the high-pressure
boiler and turbine.
The work stoppage involves approximately 650 unionized employees
out of the 850 employees working at the Temiscaming complex. Negotiations between
Tembec and the union began in August
2014. The four-year collective agreement expired on
September 30, 2014.
The Company is monitoring the situation very closely and is
putting into place measures to minimize the impact on its
customers.
About Tembec
Tembec is a manufacturer of forest products – lumber, pulp,
paper and specialty cellulose – and a global leader in sustainable
forest management practices. Principal operations are in
Canada and France. Tembec has approximately 3,500
employees and annual sales of approximately $1.6 billion. Tembec is listed on the
Toronto Stock Exchange (TMB).
Forward-Looking Statements
This press release includes "forward-looking statements"
within the meaning of securities laws. Such statements
relate, without limitation, to the Company's or management's
objectives, projections, estimates, expectations or predictions of
the future and can be identified by words such as "may", "will",
"could", "anticipate", "estimate", "expect" and "project", the
negative or variations thereof, and expressions of similar
nature. Forward‑looking statements are based on certain
assumptions and analyses made by the Company in light of its
experience, information available to it and its perception of
future developments. Such statements are subject to a number of
risks and uncertainties, including, but not limited to, changes in
foreign exchange rates, product selling prices, raw material and
operating costs and other factors identified in the Company's
periodic filings with securities regulatory authorities, including
under the "risk factors" section of the Company's most recent
Annual Information Form. Many of these risks are beyond the control
of the Company and, therefore, may cause actual actions or results
to materially differ from those expressed or implied herein. The
forward-looking statements contained herein reflect the Company's
expectations as of the date hereof and are subject to change after
such date. The Company disclaims any intention to update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise, unless required by
applicable securities legislation.
SOURCE Tembec