Western Forest Products Inc. announced the indefinite curtailment of its Alberni Pacific Division (“APD”) facility, located in Port Alberni, British Columbia, Canada. The APD facility has been temporarily curtailed since fall 2022.
In January 2023, the Company announced it would not restart APD in its current configuration and established a multi-party working group to explore viable industrial manufacturing solutions for the site. In April 2023, the Company commenced negotiations and due diligence processes related to a proposal received to operate the APD facility as a going concern, which would support continued salaried and hourly employment. These negotiations were ultimately unsuccessful due to more challenging macroeconomic conditions and financing markets. The Company intends to move ahead with exploring other options for the property.
The Company intends to offer voluntary severance to the remaining 60 APD employees. Previously, when Western announced that the APD facility would not restart in its current configuration, the Company offered all eligible hourly employees a voluntary bridging to retirement program and preferentially hired a number of impacted APD employees into roles at its other facilities.
Western is an integrated forest products company building a margin-focused log and lumber business to compete successfully in global softwood markets.
