West Fraser Timber (WFG) has announced that it is curtailing production at three of its mills in
British Columbia and reducing its workforce.
The Vancouver-based company said that it is cutting a total of 225 million board feet of
production because of ongoing challenges in accessing and transporting timber.
Additionally, West Fraser Timber is eliminating 147 jobs across its operations. Where possible,
affected employees will be offered opportunities at other West Fraser worksites, the company
said.
In terms of the three impacted mills, 170 million board feet of production will be cut at the
company’s Fraser Lake and Williams Lake sawmills, and an additional 85 million square feet of
plywood production will be removed from its Quesnel Plywood mill.
West Fraser Timber stock is flat this year (down 0.29%) and trading at $117.71 per share.
