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Canfor to close 3 B.C. mills, lay off 570 workers


Business | 208111 hits | May 29 8:50 am | Posted by: Hyack
3 Comment

B.C.'s struggling forestry sector has been hit with another big blow — forestry giant Canfor announced Friday that it's closing three sawmills in the B.C. Interior indefinitely and laying off about 570 workers

Comments

  1. by avatar GreenTiger
    Fri May 29, 2009 8:33 pm
    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.

  2. by avatar sandorski
    Fri May 29, 2009 9:03 pm
    Especially Mill workers. Those are good paying Jobs that are near impossible to replace without some Training into other fields.

  3. by avatar herbie
    Sat May 30, 2009 2:06 am
    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.



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Who voted on this?

  • WDHIII Fri May 29, 2009 11:41 am
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