Hundreds of jobs on the line amid latest blow to B.C. forestry sector [From the web]
Surrey, B.C., Sept. 11, 2019 (Globe Newswire) -Trouble in B.C.’s forestry sector continues, with yet another curtailment being announced that could affect up to 800 workers.
Surrey-headquartered Teal Jones Group said Tuesday that it was halting all coastal logging operations in the Fraser Valley and Vancouver Island.
The company said low lumber prices, high stumpage rates and a weak market for B.C. wood is to blame.
The curtailment is estimated to affect some 300 contractors.
Teal Jones also operates two mills and a shake and shingle plant in Surrey, employing about 500 people all together.
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