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Tuesday, March 3, 2009

No mention of job losses in deal between Mohawk, SMART paper companies

By Rich Wilson | Tuesday, March 3, 2009, 08:01 AM

Mohawk Fine Papers, Inc. and SMART Papers both released today, March 3, details of a deal between the two Hamilton paper companies.

Mohawk is purchasing and taking over production of several brands of SMART Papers, and becoming the “exclusive marketer” of two other brands. SMART Papers announced that it is “expanding” production of its two remaining brands, but will idle two paper machines.

Neither press release mentions anything about job losses. However, Rick Farley, president of the United Steelworkers of America Local 1967, was informed Monday morning, March 2, that about 200 union jobs will be lost, not including the loss of dozens of salaried positions, in the acquisition.

Mohawk Fine Papers Press Release