February 17, 2009
Fraser will furlough up to 600
By The Mainebiz News Staff
Fraser Papers will furlough as many as 600 workers at its paper mill in Madawaska for up to two weeks because of a lack of confirmed orders, according to the Bangor Daily News.
The furlough is part of company's new policy to better manage its cash flow by not creating speculative inventory. The Toronto-based company initially said it would temporarily shut down two paper machines at its Madawaska plant, but it will now idle four of the mill's six machines, leaving only 112 of the mill's 712 workers, the paper reported.
Fraser earlier this month said it would furlough 140 workers at its East Millinocket mill for about a month as a result of the policy.
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