Nip Impressions logo
Fri, May 3, 2024 05:22
Visitor
Home
Click here for Pulp & Paper Radio International
Subscription Central
Must reads for pulp and paper industry professionals
Search
My Profile
Login
Logout
Management Side
Strike cost KapStone $14 million

LONGVIEW, Washington (From The Daily News) -- KapStone Paper and Packaging Corp. lost an estimated $14 million in the 12-strike at the Longview paper mill, the company announced in its third-quarter earnings report Wednesday.

"No one wins in a strike, and this strike was no exception," KapStone CEO Roger Stone in a press release.

"The strike cost KapStone approximately $14 million, and our Longview union employees lost approximately $2 million of wages and benefits," he added.

The company also estimated that there were $24 million in lost shipments from the Longview mill during the strike, which began in August and ended in early September.

Stone's statements did not detail how the losses occurred.

Officials with the mill workers' union were not immediately available for comment Wednesday.

The union returned to work just after Labor Day without condition and without a new contract. The company and the union bargained for more than a year, and the membership rejected three contract offers. The two sides were hung up on a number of issues, but the major sticking point was the company's attempt to revamp health care coverage and impose a high-deductible plan. Its offer included a proposal to help workers cover the higher deductibles.

The union contends its strike was over several unfair labor practices that are before the National Labor Relations Board.


Printer-friendly format

 





Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: