Wednesday, November 28, 2012

Dollar Figure Attached To Idling Announcement

It's going to cost Resolute Forest Products a hefty dollar to idle the kraft mill and paper machine number 5 at its Fort Frances mill.

The company estimates $12-million in severance and other termination benefits for the 239 employees effected.

Another five million will go towards other closure costs.

Resolute is also identifying another 32-million in non-cash asset impairment charges.