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12 December 2005

Abitibi Stephenville to close?

Talks between Abitibi Consolidated and its workers at Stephenville have broken off, with likely little chance of resumption before the first severance cheques are cut this week.

The issue which once dominated news in the province virtually slipped off the news room monitors in recent weeks.

CBC news is reporting the story somewhat differently, noting that efforts to re-start talks are expected this morning.

Earlier this year, the Government of Newfoundland and Labrador agreed to subsidize Abitibi operations at Stephenville in an amount beyond what the province collects in taxes from the mill operations.