08 June 2010

Working mills versus a catastrophe

As part of its restructuring efforts, AbitibiBowater just announced the company has offloaded four mills and some other wood products plants to another company.

The new owners are excited about using the mill and the timber to make things and employ people.

Just imagine people in central Newfoundland working in the woods industry with a new company that had bought assets from AbitibiBowater.

Perish the thought.

Just imagine the mess there‘d have been if the provincial government hadn’t swooped in and seized all the stuff AbitibiBowater was ready to sell to another company just so they could create jobs with them.

Chaos, for sure.

Thank God the Old Man was brilliant enough to opt for catastrophe instead.