[Newsbot]

Title: Canfor to close 3 B.C. mills, lay off 570 workers
Category: Business
Posted By: Hyack
Date: 2009-05-29 08:50:49
Canadian

[GreenTiger]

Laying off 570 workers seems like a statistic, but its misery for the people laid off and their families. A lot people get hurt in layoffs.

[sandorski]

Especially Mill workers. Those are good paying Jobs that are near impossible to replace without some Training into other fields.

[herbie]

The unfortunate part is that when they get retrained it's for jobs that aren't there in mill towns.
They leave. They get foreclosed. YOUR property value drops by half. Then YOUR credit gets capped, you lost your equity.
Our town shrunk so bad (50% or more) people still working were getting loans called, and banks were just saying no. Almost 80% of homeowners here appealed their assessments as they'd increased 40% according to the gov't, yet actual selling values were half.