Newfoundlanders and Labradorians got a vivid example on Thursday of the Orchestra Pit Theory of Political reporting.
For those who don’t know the story, the Orchestra Pit theory goes like this: two politicians are on the stage. One announces a cure for cancer. The other falls into the orchestra pit. The media will cover the . . . → Read More: The Sir Robert Bond Papers: Live from the Orchestra Pit #nlpoli
As a rule, when a cabinet minister speaks publicly about a private sector company’s significant financial problems, things are not good.
Natural resources minister Jerome Kennedy told the world on Friday and Saturday that Corner Brook Pulp and Paper Limited had a heavy bank debt and an unfunded pension liability of about $80 million. Kennedy . . . → Read More: The Sir Robert Bond Papers: The Incendiary End Game in Corner Brook #nlpoli
Not surprisingly, Kruger issued an ultimatum on Tuesday to workers at its Corner Brook mill. CBC quoted the message from the company to the union in an online story:
"The first step to go forward will be to obtain a firm committment [sic] from employees by achieving a satisfactory agreement that will allow CBPPL to . . . → Read More: The Sir Robert Bond Papers: The Precipice Looms #nlpoli
As an astute reader pointed out in a n e-mail Tuesday morning, the Hebron-Muskrat Falls connection is not really as important these days as the the connection between the future of the Kruger mill at Corner Brook and the plan to develop the Lower Churchill.
Manitoba Hydro International noted that connection in their review of . . . → Read More: The Sir Robert Bond Papers: The Kruger Nexus #nlpoli
From the CBC online story about the meeting between a raft of grim-looking provincial politicians and Joe Kruger: Dunderdale said she expected there would be a second vote on the pension restructuring plan.Once those issues are resolved, she said, the government is committed to stepping in to ensure that the mill is sustainable.
So while . . . → Read More: The Sir Robert Bond Papers: The paper-mill-sized elephant in the room… #nlpoli
Kruger, the owners of Corner Brook Pulp and Paper, are reassessing the viability of the mill in the west coast city on Friday after unions at the mill rejected a company proposal to restructure the company’s pension plans.
In a statement issued Friday, natural resources minister Jerome Kennedy said:
We are facing a grave situation, . . . → Read More: The Sir Robert Bond Papers: Death watch in Corner Brook for province’s last paper mill #nlpoli