Mosaic Forest Management announced it's shutting down for the winter break earlier than usual due to challenging market conditions. (Mosaic Forest Management)

By NanaimoNewsNOW Staff

early shutdown

Challenging market fast-tracks forestry company’s winter closure

Nov 22, 2019 | 7:22 AM

NANAIMO — Vancouver Island’s battered forestry sector has been dealt another blow.

Mosaic Forest Management announced their operations are shutting down ahead of its usual winter closure due to what the company called “challenging pricing and market conditions.”

Operations will be halted on Monday, Nov. 25, which communications manager Pam Agnew said will affect 2,000 workers across the B.C. coast.

“We are closely monitoring the situation and look forward to restarting production when the market outlook improves,” Agnew said.

News of Mosaic’s early winter closure was relayed in a brief statement on its website.

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The shutdown, along with the nearly five-month-old Western Forest Products strike, vastly limits Vancouver Island’s logging industry.

Mosaic Forest Management is jointly operated by Island Timberlands and TimberWest.

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