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Industry committee  Well, the real answer is that we do not, as a company, intend to restart Gatineau. My understanding of the intent of the restructuring committee is to find an alternative for Gatineau and a new owner who wishes to execute that alternative, and we would sell the facility. But we do not intend, as a company, to restart Gatineau, and that is part of our business plan.

September 10th, 2010Committee meeting

David Paterson

Industry committee  Despite the investment you've referred to, Gatineau was not a low-cost facility within the AbitibiBowater family of facilities. We do not have enough orders to operate all our facilities, and we have used the same criteria with regard to all the decisions we've made on all the other mills that were closed concerning--

September 10th, 2010Committee meeting

David Paterson

Industry committee  Well, whenever we've had to close a facility in any country we operate, we've tried to provide outplacement services and other help for people to find new jobs. Specifically to Gatineau and Dolbeau, there are committees formed in each of those communities to try to find a long-term solution to keep the facility operating, either as a paper mill or as some other type of industry.

September 10th, 2010Committee meeting

David Paterson

Industry committee  Well, as we sit here in this room today, we're effectively executing that plan today, and that is the basis of our exit financing proposal that we're putting to the banks. That is the plan we've presented to the courts, both in the U.S. and Canada. So the timeframe, hopefully, is that we would exit in October and we would exit in the form we are currently operating today.

September 10th, 2010Committee meeting

David Paterson

Industry committee  Unfortunately, we've lost a total of 7,000 jobs from the day we merged to the exit, in the U.S., Canada, and Great Britain, hourly and salaried. So we've gone from 18,000 employees to 11,000, and subject to not doing an acquisition or a divestiture, we believe that 11,000 is basically our employment base, with 8,000 of those employees being Canadians.

September 10th, 2010Committee meeting

David Paterson

Industry committee  Yes, that is our plan.

September 10th, 2010Committee meeting

David Paterson

Industry committee  It's not a retention bonus. It's a bonus to incent performance, or recognize performance, which is the culture that we've had, and hopefully will continue to have, to recognize performance of individuals as well as the company. On your matter of a question concerning talent or people, yes, management tends to have more mobility than the hourly employees, historically, but we have to be able to retain people who are not industry-specific.

September 10th, 2010Committee meeting

David Paterson

Industry committee  I think developing a national plan in Canada is always a good thing. I think there's a natural conflict in these summits, because people on my side of the table, the manufacturers, don't all agree, and certainly there's a natural conflict between governments at the federal and provincial levels in terms of their objectives.

September 10th, 2010Committee meeting

David Paterson

Industry committee  Fifty-one are eligible.

September 10th, 2010Committee meeting

David Paterson

Industry committee  In both the U.S. and Canada, while you are in restructuring you're legally not allowed to pay severance. It becomes a claim to the court, and the courts in Canada and the U.S. will determine the level of severance payment for those employees who lost their positions during this process.

September 10th, 2010Committee meeting

David Paterson

Industry committee  I believe the agreement you're referring to was negotiated after our filing for chapter 11 in CCAA. We entered into negotiations while we were in restructuring, and in Canada and the U.S. those have been successfully completed. They have not been implemented as of yet because all the conditions have not been met.

September 10th, 2010Committee meeting

David Paterson

Industry committee  It's my understanding, having discussed and asked that question recently, that we've had, I believe, 47 employees relocate within the company. According to the latest numbers I have been told, 70% have found other employment, but I'd have to verify that number. We have provided counselling and outplacement services.

September 10th, 2010Committee meeting

David Paterson

Industry committee  Well, no, it's a public document in both Canada and the U.S. The systems are slightly different, but in Canada we have a court-appointed monitor who issues reports, and those are available. Most of our employees are creditors in one fashion or another, either through.... The people who unfortunately have been let go have severance claims.

September 10th, 2010Committee meeting

David Paterson

Industry committee  The plan identifies those facilities that we intend to run during the next five years. Like all business plans, the caveat is “depending on market demand”. I want to make it clear that our assumption is that we'll continue to have demand destruction in our primary products, but our business plan deals with that: rather than closing assets, it is investing and converting away from these printing and writing grades at a rate that makes sense and in segments that we believe will provide higher revenues for the company.

September 10th, 2010Committee meeting

David Paterson

Industry committee  We've identified market segments. We have an investment strategy going forward, and we have a level of investment that's embedded in our business plan. Specific to Canada, as part of the agreements that we're going to enter into with the provincial governments, there will be investment commitments on a provincial level in that.

September 10th, 2010Committee meeting

David Paterson