The talks will cover about 120 employees, and the possible layoffs could last more than 90 days in several periods next year.
Papiers et cartons d’emballage
A deferred-tax charge tied to the sale of the corrugated packaging business turned the quarter to a $7 million net loss, while two asset sales worth $785.5 million await closing.
Adjusted EBITDA fell to $98.1 million on weaker lumber results, and the company expects challenging conditions through the balance of 2026.
A U.S. tariff on Canadian paperboard idled the Temiscaming site in October, and the company pushed the conclusion of its strategic review to the first quarter of 2027.
The two-year project at the uncoated recycled paperboard mill in Virginia starts in early 2027 and keeps output at about 120,000 tons a year during construction.
Net sales were flat at $2.19 billion as volumes rose 1% and prices slipped 1%. The paperboard packaging maker expects full-year adjusted EBITDA of about $1.05 billion and a return to EBITDA growth in 2027.
Year to date, wood products shipments were up 0.4% and paper products shipments up 2.0%, against a 7.5% gain for all manufacturing.
Francisco Ruiz-Tagle, who has led CMPC since 2018, will leave on April 30, 2027, and the board has started searching for a successor.
The Finnish packaging and wood-products maker expects annual maintenance to raise costs and cut volumes in the fourth quarter.
Pulp and paper producers swung to a loss, and 56.2% of sawmilling companies were loss-making, up from 43.7% a year earlier.
Capacity closures improved the paperboard supply balance and prices; company expects pulp market conditions to improve toward year-end.
A $1.38 billion non-cash goodwill charge drove the reported loss; North American operating profit targets are $460 million to $500 million for the fourth quarter and $1.3 billion to $1.4 billion for 2026.
Smurfit Westrock expects price increases to more than offset freight and energy costs, with full benefits into 2027.
The paperboard maker is pushing through price increases and expects the market to keep recovering, while problems at its Augusta mill continued into October.
Smurfit Westrock and Pratt Industries allege dumping margins of up to 297% on Chinese boxes; Turkey also faces a subsidy investigation.
The changes take effect October 30; new 50% duties also cover hardboard, wood moldings, wooden boxes and kraft paper.
The U.S. containerboard maker expects fourth-quarter adjusted EPS of $2.81, with maintenance outages at three mills and higher fiber, freight and energy costs.
EBITDA rose 25% sequentially as containerboard conditions strengthened and industrial raw-material costs fell; packaging-paper deliveries rose year on year but fell from the second quarter.
An $829 million goodwill impairment led to a GAAP net loss of $732 million; the company expects continued strong Industrial results and more stable Consumer results in the fourth quarter.
Price increases in both regions more than offset input-cost inflation, while sales volumes reached 903,000 metric tons; Billerud expects stable markets and positive pricing in the fourth quarter.