The crisis in Quebec’s forestry sector is attracting plenty of attention because of the many plant closings and resulting job losses. But this is hardly the first time the industry has faced a crisis. In the late 1970s, to make up for its declining competitiveness, the Quebec paper industry invested $1.25 billion of its own funds and $250 million from the federal and provincial governments to modernize its installations. Strong market growth meant that the higher productivity from these investments could be achieved without job losses.
Links of interest
Media release: Liberalize the market to revive the forestry sector