Western Forest Products Reduces Lumber Production Amid Market Challenges
The company will temporarily curtail operations at its B.C. sawmills, affecting 800 employees due to declining demand and rising U.S. tariffs.
- Western Forest Products will cut lumber production by approximately 30 million board feet from October to December 2024.
- This reduction is part of a total annual decrease of 90 million board feet, equating to 10% of the company's yearly capacity.
- The decision impacts operating schedules at five B.C. sawmills, affecting around 800 employees.
- Market challenges include weaker lumber demand and higher U.S. softwood lumber duty rates.
- The company urges government action to support the forestry industry as U.S. tariffs are expected to rise further in 2025.