Kruger
Inc. is pleased to announce that active and retired unionized employees of
Corner Brook Pulp and Paper have approved the proposal to apply funding relief
measures to their pension plan's deficit.
These
relief measures were essential to the Mill's ability to compete in the market
and will enable the Company to pursue its assessment of the Mill's long-term
viability. The next step will be for the Company to present a sustainability
plan to its lenders and to the NL government within the coming weeks.
