Western Forest Prod ( (TSE:WEF) ) has provided an announcement.
Western Forest Products Inc. has successfully ratified a new six-year collective agreement with United Steelworkers Local 1-1937, covering approximately 1,000 hourly employees. The agreement, which includes structured wage increases and benefit enhancements, is seen as a significant step in addressing the challenges faced by the BC Coastal forest sector. It reflects a collaborative achievement between the company and union, highlighting their commitment to building a stable future amid industry challenges.
More about Western Forest Prod
Western Forest Products Inc. is an integrated forest products company focused on building a margin-focused log and lumber business to compete in the global softwood markets. With operations primarily on the coast of British Columbia and Washington State, the company is a leading supplier of high-value, specialty forest products to international markets. It operates six sawmills with a lumber capacity of 885 million board feet, four remanufacturing facilities, and two glulam manufacturing facilities, sourcing timber from private lands, long-term licenses, First Nations arrangements, and market purchases.
YTD Price Performance: -4.55%
Average Trading Volume: 516,114
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$133M
For detailed information about WEF stock, go to TipRanks’ Stock Analysis page.