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Western Forest Products and United Steelworkers Reach Tentative Collective Agreement

Nov 29, 2024•over 1 year ago

Contract Type

agreement

Description

Western Forest Products Inc. announced a tentative collective agreement with the United Steelworkers Local 1-1937, subject to a ratification vote by USW membership. The agreement aims to provide business certainty and support for employees, facilitating the company's transition to higher value products.

Company Information

Company

Western Forest Products

About

Western is an integrated forest products company building a margin-focused log and lumber business to compete successfully in global softwood markets. With operations and employees located primarily on the coast of British Columbia and Washington State, Western is a premier supplier of high-value, specialty forest products to worldwide markets. Western has a lumber capacity in excess of 1.0 billion board feet from seven sawmills and four remanufacturing facilities. The Company sources timber from its private lands, long-term licenses, First Nations arrangements, and market purchases. Western supplements its production through a wholesale program providing customers with a comprehensive range of specialty products.

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Agreement Insights

Based on industry data
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months