Canfor Corporation closes 2 sawmills in northern BC, affecting 500 jobs due to weak lumber markets, financial losses, and increased US tariffs.
Canfor Corporation is closing two sawmills in northern British Columbia—Vanderhoof and Fort St. John—affecting approximately 500 jobs. The decision stems from weak lumber markets, financial losses, and punitive U.S. tariffs that increased from 8.05% to 14.54%. The closures will eliminate 670 million board feet of annual production capacity. The company plans to complete the wind down of operations within the year and will collaborate on an employee transition plan.
September 05, 2024
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