Local 3570

Local 3570


membership is right now, they're so fed up with Weyerhaeuser

 
Sent: Friday, February 25, 2005 10:07 PM
Subject:membership is right now, they're so fed up with Weyerhaeuser

>
>
> It's plain as day. Why do they write like this!!?? They know what Brascan is
> up to yet they beat around the bush. Saying they're (Steely's that is)
> concerned, maybe give them a chance, lets see what happens. In other words
> "wait till the cow gets out then shut the gate."
>
> They are an "ASSET" company, June... Buy it, log it, split it up,  pave it,
> develope it and  then power plants. It's all between the lines. Plain as
> day, to me.
>
>
>
>
> Changes loom for coast
> By Grant Warkentin
> Mirror Staff
> Feb 23 2005
>
> North Island logging operations could soon look very different after
> Brascan completes its $1.2 billion acquisition of Weyerhaeuser's
> coastal operations.
> "It does cause some concerns for us because we have the one operation
> in Campbell River which is a combination of both private and public
> lands, so obviously if they split that, it creates some concerns for
> us," said Rick Wangler, president of the Steelworkers union local
> 1-363, which represents forestry workers in the Campbell River area.
> "The Steelworkers have taken the position that we're concerned about
> what it might mean in splitting things up and where we'll end up,
> where the province ends up."
> Brascan is an American asset management company with $27 billion of
> combined investments. The company proposes to purchase Weyerhaeuser's
> coastal business in B.C., including 635,000 acres of timberlands, five
> sawmills, two remanufacturing plants and 3.6 million cubic metres of
> associated annual Crown harvest rights. It could also separate its
> private and public assets and put portions up for resale.
> Brascan hasn't yet revealed what it plans to do with its new
> acquisitions, but in its investment profile for its timberland
> acquisition plan, the company has suggested it could sell part of the
> business to another "existing, larger coastal company."
> The company also pointed out it owns 18 per cent of such a company,
> Western Forest Products, which operates near Campbell River. However,
> Katherine Vyse, Brascan's senior vice-president of investor relations
> and communications, said there are currently no plans to change the
> way the business is run now, nor to increase log exports from B.C.
> But Wangler is concerned current government policy would leave it wide
> open for the company to close down mills and export logs.
> "The industry is still talking that there's too many mills around, I
> certainly don't agree with that," he said. "I think with the freedom
> they have to export logs they feel fairly comfortable in closing down
> mills, so exporting logs is obviously a major concern of ours, it
> always has been, and it's only getting worse."
> In the investment profile, Brascan explained it would try and increase
> its cash profits from its coastal forestry assets.
> "Second-growth harvest is now available making the move to long-term
> sustainable harvest level of 1.9 million cubic metres possible
> immediately," the profile says.
> Despite some reservations, Wangler said the union is willing to give
> Brascan a chance, especially considering how poor relations have been
> between the union and Weyerhaeuser in recent years.
> "The way the membership is right now, they're so fed up with
> Weyerhaeuser they're hoping this will be an improvement, but of course
> we won't know that until we see what they decide to do," he said. "If
> they clean up some of the stuff that's been going on and treat their
> people decently, who knows, maybe the workers will look at it as a
> good thing in the end.
> "I'd like to give Brascan to give us a chance to tell us how they are
> going to do things."
>
>
>
>
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