Usw Coast Master Agreement

Western is an integrated forest products company that develops a margin-based wood and wood business to compete successfully in global softwood markets. With companies and employees located primarily on the coasts of British Columbia and Washington State, Western is a leading supplier of high-quality forest products products to global markets. Western has a wood capacity of more than 1.1 billion board feet from eight sawmills and four reprocessing plants. The company derives wood from its private property, long-term licenses, First Nations agreements and market purchases. Western complements its production with a wholesale program that offers customers a full range of special products. “With the support of Vince Ready and Amanda Rogers, we have reached a fair and equitable agreement that balances the needs of our employees and our business,” said Don Demens, President and CEO of Western. “This was a particularly difficult time, and I am pleased that the efforts of all stakeholders have allowed us to find common ground.” This press release contains statements that may represent forward-looking statements under applicable securities laws. Readers are cautioned not to improperly rely on forward-looking statements. All statements mentioned above, in the absence of historical facts, may be forward-looking statements and may be identified by the use of words such as “will,” “may,” “expect” and similar references to future periods. While such statements reflect management`s current beliefs, expectations and reasonable assumptions, it is not possible to guarantee that forward-looking statements are correct and that actual performance or actual results may vary materially.

There are many factors that could lead to significant differences between our actual results or our performance, including strike activities, the inability to predict the results of such activity, the ratification of a preliminary agreement, the date when it may be time to resolve a dispute, a change in the company`s financial position, general economic conditions and other factors mentioned in the “Risks and Uncertainties” section of our MD-A in our February 12 Annual Report. , 2019. Western Forest Products Inc. announced that its hourly employees, represented by United Steelworkers Local 1-1937 (ETC), have voted in favour of the interim agreement to replace the collective agreement that expires on June 14, 2019. The new five-year collective agreement will enter into force on 15 June 2019 and expire on 14 June 2024 and provides for general wage increases as follows: the new collective agreement also provides for improvements in health and social security services and clarifies the application of Western alcohol and drug policy.