March 29, 2024

Catalyst restructuring deal heads to court

Another hurdle for thousands of Catalyst paper mill workers as a restructuring deal goes before a judge for final approval Thursday.Communications, Energey and Paperworkers Union Local 76 President Roy Plotniko says union workers have rolled back wages and benefits to keep the mills alive. "We are hoping a judge will approve the vote and then we … [Read more...]

Catalyst Paper obtains creditor protection

RICHMOND, B.C. - Pulp and paper producer Catalyst Paper Corp. (TSX:CTL) has secured up to $ 175 million in financing as it moves forward with restructuring under court protection from creditors.The struggling company said late Tuesday that JP Morgan agreed to provide debtor-in-possession financing during the CCAA process.Catalyst also received an … [Read more...]

Catalyst Paper: one union votes down deal

RICHMOND, B.C. - Specialty paper producer Catalyst Paper Corp. (TSX:CTL) says that one of the unions at its Crofton mill in B.C. has rejected a new contract that must be ratified as part of the company's new refinancing plan to stay alive.The Richmond, B.C.,-based company, which has been struggling to emerge from its financial woes, said Monday … [Read more...]

Catalyst Paper: one union votes down labour agreement

RICHMOND, B.C. - Specialty paper producer Catalyst Paper Corp. (TSX:CTL) says that one of the unions at its Crofton mill in B.C. has rejected a new contract that must be ratified as part of the company's new refinancing plan to stay alive.The Richmond, B.C.,-based company, which has been struggling to emerge from its financial woes, said Monday … [Read more...]

Catalyst Paper Q2 loss $47.4 million

RICHMOND, B.C. - Catalyst Paper (TSX:CTL) lost $ 47.4 million during the second quarter on $ 297.8 million of revenue due to reduced production and increased maintenance ... Vancouver News latest RSS headlines - Big News Network.com … [Read more...]