Teal Jones calls a halt to coastal logging operations
Mornings with Simi
English - September 10, 2019 19:41 - 7 minutes - ★★★★★ - 1 ratingBusiness News News Society & Culture Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Another blow to BC's forest industry: Surrey-based Teal Jones Group has announced an immediate halt to all of its coastal logging operations.
The company says weak markets and high costs because of relatively high stumpage rates and new regulations has resulted in the move.
Teal Jones had already scaled back its logging operations on Vancouver Island in May.
The company now says it's halting all logging in its Fraser Valley and Vancouver Island operations.
A release by the company says this will result in a substantial loss of employment"
Guest: Janet Brown
Global News Senior Reporter
Another blow to BC's forest industry: Surrey-based Teal Jones Group has announced an immediate halt to all of its coastal logging operations.
The company says weak markets and high costs because of relatively high stumpage rates and new regulations has resulted in the move.
Teal Jones had already scaled back its logging operations on Vancouver Island in May.
The company now says it's halting all logging in its Fraser Valley and Vancouver Island operations.
A release by the company says this will result in a substantial loss of employment"
Guest: Janet Brown
Global News Senior Reporter