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Bowater makes cost reductions.

Bowater Inc., Greenville, South Carolina, USA, will reduce annual costs by US$ 75 million and permanently remove approximately 100,000 metric tons of annual newsprint capacity. It will also sell 240,000 acres of timberland and four Canadian sawmills. Approximately US$ 40 million of the cost savings will result from a workforce reduction of 500 employees. The balance will come from manufacturing and distribution cost savings. The elimination of newsprint capacity will occur through the closure of a paper machine in the second quarter of 2003.
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Title Annotation:Industry News
Publication:Solutions - for People, Processes and Paper
Geographic Code:1USA
Date:Feb 1, 2003
Words:86
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