News Archive: August 2007

Catalyst drive for improvement continues

Vancouver, BC – Catalyst Paper continued the year-long focus on improving its competitive position with the announcement of further staffing reductions. This downsizing of 85 employees, accomplished largely through early retirement, is expected to deliver annualized savings of $13 million on one-time severance costs of $16 million. A majority of the reductions will take place at the Crofton and Elk Falls mills.
 

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