Terrace Bay Pulp cuts 350 jobs

About 350 workers at Terrace Bay Pulp will be out of work throughout the holiday season.

The layoffs come as a result of a three-month shutdown of the operation that is scheduled to begin on Wednesday, Nov. 30.

Terrace Bay's mayor Mike King said he hasn't heard officially from the company the reason, but believes it is due to the current global economic situation.

King said he is optimistic that things will return to normal at the end of February.

The workers were informed about the shutdown on Tuesday.

Source: TB News Watch