MONTREAL, May 15, 2022 /CNW Telbec/ – Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today announced that it has reached a tentative agreement for a four-year collective bargaining agreement with the Unifor union, which represents most of the hourly employees of the Canadian pulp and paper operations of the ‘business. The tentative agreement is subject to member ratification.
The master agreement covers seven of Resolute’s pulp and paper mills in Canada: the Dolbeau; Gatineau; Kenogami; Saint-Félicien and currently unused indefinitely Amos and Baie-Comeau facilities in Quebec; and the Thunder Bay operation in Ontario.
“We are pleased to announce this tentative agreement with national and local Unifor leaders,” said Rémi G. Lalonde, President and CEO. “This highlights the important contribution of our employees to the success of the company, as well as the collaborative nature of the relationship between the two parties.”
The collective agreement covers approximately 700 employees. Details of the agreement are confidential until union leadership presents its terms to members in the coming days.
Cautions Regarding Forward-Looking Information
Statements contained in this press release that are not stated financial results or other historical information of Resolute are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. They include, for example, statements relating to members’ ratification of the agreement and our future performance in general. Forward-looking statements can be identified by the use of forward-looking terms such as the words “should”, “would”, “could”, “will”, “may”, “expect”, “believe” and other terms with a similar meaning indicating possible future events or a potential impact on the business of Resolute or its shareholders.
Readers are cautioned not to place undue reliance on these forward-looking statements, which are not guarantees of future performance. These statements are based on management’s current assumptions, beliefs and expectations, all of which involve a number of business risks and uncertainties that could cause actual performance or results to differ materially. The potential risks and uncertainties that could cause Resolute’s actual future performance or results to differ materially from those expressed or implied by this press release include, but are not limited to, the potential risks and uncertainties set forth in Part I, item 1A, “Risk Factors”, of Resolute’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021filed with the United States Securities and Exchange Commission (or, the “SEC”) on March 1, 2022.
All forward-looking statements are expressly qualified by the cautionary statements contained or referenced above and in other filings by Resolute with the SEC and Canadian securities regulators. Resolute disclaims any obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
About Resolute Forest Products
Resolute Forest Products is a global leader in the forest products industry with a diverse line of products, including market pulp, tissue papers, wood products and papers, which are marketed in more than 60 countries. The company owns or operates approximately 40 facilities, as well as power generation assets, in United States and Canada. Resolute has 100% of its managed woodlands third-party certified to internationally recognized sustainable forest management standards. Shares of Resolute Forest Products trade under the ticker symbol RFP on the New York Stock Exchange and the Toronto Stock Exchange.
Resolute has received regional, North American and global recognition for its leadership in corporate social responsibility and sustainability, as well as its business practices. Visit www.resolutefp.com for more information.
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SOURCE Resolute Forest Products Inc.
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