Money for NewPage’s Port Hawkesbury mill comes from a $15.8-million provincial fund to keep the mill in a so-called hot idle mode.
The union representing employees at an idled Cape Breton paper mill says the final offer from a potential BC buyer would lay off about half of its workforce.
The court-appointed monitor overseeing efforts to sell a shuttered Cape Breton paper mill has named a second bidder interested in buying and operating the factory.
The ability for the troubled Bowater Mersey and Port Hawksury paper mills to cut costs will help determine whether or not they stay in operation.
Two paper machines at a Nova Scotia mill are shutting down indefinitely as its parent company grapples with economic challenges and rising costs.