At least nine sawmills in B.C. this year have been shuttered while an estimated 47 others have cut shifts or curtailed production, leaving many remote communities economically stranded. The Ministry of Forests, Lands, Natural Resource Operations and Rural Development estimates about 8,000 people, or roughly 15 per cent of those employed in the sector in B.C., have been touched by the cuts, a massive blow to the province, which produces about half of Canada’s lumber with an annual export value of $14.2 billion.
Thursday, November 14, 2019
KILLING BC's FORESTRY INDUSTRY
Unfortunately, forestry, like oil and gas in Alberta, is another major resource sector experiencing an intense bust cycle, and it’s also one where the largest companies are seeking growth opportunities outside Canada, mainly in the U.S., further fuelling the sense of discord in the West.
At least nine sawmills in B.C. this year have been shuttered while an estimated 47 others have cut shifts or curtailed production, leaving many remote communities economically stranded. The Ministry of Forests, Lands, Natural Resource Operations and Rural Development estimates about 8,000 people, or roughly 15 per cent of those employed in the sector in B.C., have been touched by the cuts, a massive blow to the province, which produces about half of Canada’s lumber with an annual export value of $14.2 billion.
At least nine sawmills in B.C. this year have been shuttered while an estimated 47 others have cut shifts or curtailed production, leaving many remote communities economically stranded. The Ministry of Forests, Lands, Natural Resource Operations and Rural Development estimates about 8,000 people, or roughly 15 per cent of those employed in the sector in B.C., have been touched by the cuts, a massive blow to the province, which produces about half of Canada’s lumber with an annual export value of $14.2 billion.
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