MONTREAL, April 25, 2012 /CNW Telbec/ - Tembec today reached an
agreement with its employees from its Kapuskasing, Ontario newsprint
mill, sawmill and forest operations, where Tembec employs a total of
582 employees, of which 498 are unionized.
This collective agreement covers a 5-year contract that will expire in
April 2017. "This agreement would not have been achieved without the
support and hard work from all Local union leaderships, as well as
those at the National and International levels," stated Marc Tremblay,
Tembec Chief Negotiator.
Tembec is a manufacturer of forest products - lumber, pulp, paper and
specialty cellulose - and a global leader in sustainable forest
management practices. Principal operations are in Canada and France.
With annual sales of approximately $2 billion, Tembec has 4,000
employees and is listed on the TSX (TMB).
This press release includes "forward-looking statements" within the
meaning of securities laws. Such statements relate, without limitation,
to the Company's or management's objectives, projections, estimates,
expectations or predictions of the future and can be identified by
words such as "may", "will", "could", "anticipate", "estimate",
"expect" and "project", the negative or variation thereof, and
expressions of similar nature. Forward looking statements are based on
certain assumptions and analyses made by the Company in light of its
experience, information available to it and its perception of future
developments. Such statements are subject to a number of risks and
uncertainties, including, but not limited to, changes in foreign
exchange rates, product selling prices, raw material and operating
costs and other factors identified in our periodic filings with
securities regulatory authorities. Many of these risks are beyond the
control of the Company and, therefore, may cause actual actions or
results to materially differ from those expressed or implied herein.
The forward-looking statements contained herein reflect the Company's
expectations as of the date hereof and are subject to change after such
date. The Company disclaims any intention to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, unless required by applicable securities
legislation.