Catalyst Paper to file for creditor protection
The operations of Catalyst and its subsidiaries are intended to continue as usual and obligations to employees and suppliers during the restructuring process are expected to be met in the ordinary course.A Catalyst management will remain responsible for the day-to-day operations of the company.A The company expects that the Interim Order will ... (more)
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#1 Jan 31, 2012
So now the predictions have come true. CTL forced into creditor protection. Likely Crofton and PREI on the chopping block to pick up the tab. Employees donate an extra 15% to the cause.
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