Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) announced that a tentative four-year agreement has been reached with Unifor, subject to ratification by their members. Unifor represents the majority of hourly employees working across the company's Canadian pulp and paper operations.
The master agreement covers eight of Resolute's Canadian pulp and paper mills. The agreement applies to the Amos, Baie-Comeau, Dolbeau, Gatineau, Kénogami and Saint-Félicien facilities in Quebec, as well as the Thunder Bay mill and currently indefinitely idled Thorold operation in Ontario.
"We are pleased that we have reached a tentative agreement with Unifor national and local leadership that recognizes the contribution of employees to the success of the business and provides stability for our customers, shareholders, communities and other company partners," said Yves Laflamme, president and chief executive officer. "Once ratified, this agreement will support long-term investments in our Canadian operations."
The collective agreement covers approximately 1,100 employees represented by Unifor. The agreement builds on the cooperative relationship that has been established between Resolute and Unifor.
Details will not be discussed publicly until the union leadership has had an opportunity to present the agreement to its members.
About Resolute Forest Products
Resolute Forest Products is a global leader in the forest products industry with a diverse range of products, including market pulp, tissue, wood products, newsprint and specialty papers, which are marketed in close to 70 countries. The company owns or operates some 40 manufacturing facilities, as well as power generation assets, in the United States and Canada. Resolute has third-party certified 100% of its managed woodlands to internationally recognized sustainable forest management standards. The shares of Resolute Forest Products trade under the stock symbol RFP on both the New York Stock Exchange and the Toronto Stock Exchange.
Resolute has received regional, North American and global recognition for its leadership in corporate social responsibility and sustainable development, as well as for its business practices. Visit www.resolutefp.com for more information.
SOURCE Resolute Forest Products Inc.