Wednesday, March 19, 2008

Phew! Dodged that bullet

Shorewood Packaging confirmed Tuesday that about 275 employees at a paper packaging plant in eastern Ontario will soon be out of work.

The company said that it is shutting down its Brockville, Ont., facility

Of course, the usual suspects are to blame ....

"Brockville's top three customers made up 85 per cent of their business and all three of those customers are moving their tobacco and cigarette production out of Canada," said company spokeswoman Amy Sawyer.

She added that there have also been economic pressures caused by a rise in the Canadian dollar, which has jumped from 85 cents US to above par in the past year.


Bad for Brockville, but it would have been killer for Smiths Falls.

Begs the question though ...

Is there any hope in hell there will be a buyer for Hershey ?

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