Western Forest Prod (TSE:WEF) has released an update.
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Western Forest Products Inc. has announced the indefinite closure of its Alberni Pacific Division facility in Port Alberni, B.C., affecting 60 employees with offers of voluntary severance. Efforts to negotiate continued operations were thwarted by challenging economic conditions and financing markets, leading the company to explore alternative options for the site. The company, known for its high-value specialty forest products, continues to operate other facilities and remains a major player in the global softwood market.
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