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Workers at Port Hawkesbury Paper have signed their first agreement in 10 years, making long-overdue gains for members of Local 972. The new four-year agreement sees a $3.50 wage adjustment to all rates for operations on January 1, 2023, a $1.50 adjustment to all rates for operations on January 1, 2024 and then 1.5% wag...

Stora Enso has signed an agreement to divest its Maxau paper production site in Germany, and all related assets to Schwarz Produktion. The enterprise value is approximately Euro 210 million. Closing is expected in the beginning of 2023, at the latest, subject to regulatory approvals.