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Industry committee  Let me try to answer the question, and please ask another question if you so desire. First, I'm not really familiar with Nortel, but I will make the difference based on what I know. One of our objectives here, from day one, is to protect the pension interests of our retirees and active employees.

September 10th, 2010Committee meeting

David Paterson

Industry committee  Well, since the merger of Abitibi and Bowater, to our emergence plan, unfortunately we've had to close 3.3 million tonnes of capacity in both United States and Canada, as well as Great Britain. These are the final two in a series of closures that were required.

September 10th, 2010Committee meeting

David Paterson

Industry committee  We're having those discussions with all provincial governments. As we all know, in both Quebec and Ontario, which are our primary operating areas, the management of the wood resource is about to change through governmental policy. We have participated in those debates, and we support those debates.

September 10th, 2010Committee meeting

David Paterson

Industry committee  Okay. Well, let me try to hit some highlights, and if you would like to ask a follow-up, that's great. Our emergence plan says we have 11,000 employees, 8,000 of whom will be in Canada. Of those 8,000 employees, roughly a little over 5,000 will be in the province of Quebec. We will have a total of 19 pulp and paper facilities, and of those, I believe 12 will be in Canada.

September 10th, 2010Committee meeting

David Paterson

Industry committee  Well, you're fundamentally asking the question that the people we're going to ask for money to finance the exit are asking. The goal, or the real answer, is that we have to be a low-cost manufacturer of those products that we choose to make, and we have to deal with the reality of declining demand.

September 10th, 2010Committee meeting

David Paterson

Industry committee  Specifically with regard to the Dolbeau decision, we have a major issue there, which is related to the cogeneration facility on the site. As you know--you talked about an integrated facility--we do not own the steam facility at that site. It's part of Boralex. That contract was very disadvantageous to the company, and we worked hard, along with Boralex, to try to find a new solution.

September 10th, 2010Committee meeting

David Paterson

Industry committee  We've had no offers on either facility, but the issue for us as a company is that if the capacity remains in newsprint or supercalendered papers, that will lead to further price erosion, we believe, and further pressure on the sustainability of the company. So our position in both cases is that we will work with anyone who wishes to come and buy, as long as they don't compete with us.

September 10th, 2010Committee meeting

David Paterson

Industry committee  Well, if the assets aren't sold or put back into production, clearly the local communities suffer. But ultimately my responsibility is to worry about the 20,000 retirees and the 8,000 active employees, and our vendors and creditors. I have to look at the big picture, and as difficult as that may be, if we do not have adequate pricing and demand for our products and we can't meet our obligations as a company, then the whole thing fails.

September 10th, 2010Committee meeting

David Paterson

Industry committee  Well, not only Quebec, but the entire Canadian and U.S and our global footprint are part of our business plan, and we'd be glad to provide this in the detail to the committee. The business plan discusses which facilities will operate and which grades we'll make, and our forecasts for prices and buy-ins.

September 10th, 2010Committee meeting

David Paterson

Industry committee  Thank you. Specifically with regard to Gatineau, yes, we've committed to fund the study, and we're participating in the study. As we all know, Gatineau is a wonderful site. It's strategically well located right across the river here. It's been an industrial site for a long time.

September 10th, 2010Committee meeting

David Paterson

Industry committee  Thank you. I think there were several questions in there. I'll try to answer each one, and if I miss one, please re-ask the question. I think we started with the question about the future of the workers and the future of the industry, and you asked me to start with the future of the workers.

September 10th, 2010Committee meeting

David Paterson

Industry committee  Thank you, Mr. Chairman. I am here today to discuss the company and the restructuring process, from which the company will hopefully soon emerge. Due to the economic conditions that we faced and the lack of sufficient funding within the business to continue without filing for court protection, we filed 16 months ago both in the United States and in Canada.

September 10th, 2010Committee meeting

David Paterson