300 jobs lost as Canfor closes pulp mill outside Prince George, B.C.
VANCOUVER — Forestry company Canfor announced Tuesday its plan to permanently close its Northwood pulp mill outside Prince George, B.C., resulting in the loss of 300 jobs.
A statement from the Vancouver-based firm said it was committed to supporting its employees, including providing severance and exploring opportunities to “redeploy” workers to other Canfor locations.
It said the pulp and paper sector continues to face significant challenges, and additional production capacity that has come online globally has created an oversupply in the market, putting downward pressure on prices.
Those factors combined with what the company describes as persistent challenges accessing wood fibre have resulted in a “prolonged period of unsustainable financial losses for Canfor Pulp,” the statement said.
