Canfor is cutting fourth quarter production by about 10 per cent at its B.C. sawmills.
“We have made the difficult decision to curtail our BC sawmill operations over the fourth quarter due to log supply challenges following another difficult wildfire season, uncompetitive log costs and declining lumber prices,” CEO and President Don Kayne said in a news release Thursday.
“We are working to mitigate impacts on our employees as much as possible.”
Lumber production will be reduced by decreasing operating days, the company said. That means immediate, short-term curtailments at some facilities, along with an extended downtime at the week of Dec. 24 at all of the company's sawmills in the province, the province said. There will be no layoffs, the company said.
Last week, Canfor said its net profit doubled to $125.3 million in the third-quarter despite lower lumber prices.
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