About
300 jobs at the Catalyst Paper mill in Port Alberni are safe after the
company's second attempt at restructuring was accepted by an overwhelming
number of creditors, Monday.
The
amended plan, which added pensioners to the creditor group, was voted in by 99%
of both secure and unsecure creditors.
Catalyst
should be able to emerge from creditor protection "in the near term"
according to CEO Kevin Clarke.
