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Enter Symbol
or Name
USA
CA



Tembec Inc (2)
Symbol TMB
Shares Issued 100,000,000
Close 2014-11-27 C$ 2.90
Market Cap C$ 290,000,000
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Tembec stops work at Temiscaming due to strike

2014-11-27 10:49 ET - News Release

Mr. Michel Dumas reports

PRODUCTION INTERRUPTION AT TEMBEC'S TEMISCAMING, QUEBEC INDUSTRIAL COMPLEX

In response to Unifor Union Local 233's decision to go on strike effective as of 6:30 p.m. last night, Tembec Inc. has ceased the operations at its Temiscaming, Que., industrial complex, which comprises four main facilities manufacturing specialty pulp, high-yield pulp, multiply 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 Sept. 30, 2014.

The company is monitoring the situation very closely and is putting into place measures to minimize the impact on its customers.

We seek Safe Harbor.

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