May 7, 2008
Pope and Talbot to shut 3 pulp mills, affects nearly 1,000 jobs in B.C., Oregon
- Pope & Talbot Inc. is preparing to shut its three remaining pulp mills - employing nearly 1,000 workers in British Columbia and Oregon - after creditors declined to extend financing to the bankrupt wood products company, a U.S. business publication reports.
Mark Rossolo, a spokesman for Portland-based Pope & Talbot (Pink Sheets:PTBT), told the Portland Business Journal that a Canadian bankruptcy court on Monday extended the company's bankruptcy protection for 48 hours as it tries to sell the pulp mills. Read more
Read full story from The Canadian Press
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