KP Tissue (TSE:KPT) has released an update.
KP Tissue Inc. reports that its subsidiary, Kruger Products, is facing a strike by 482 unionized employees at its Crabtree plant and Joliette warehouse, which began yesterday. CEO Dino Bianco has expressed disappointment but remains hopeful for a return to negotiations for a new collective agreement. Meanwhile, Kruger Products has implemented a contingency plan to maintain the supply of tissue products to customers.
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