There has been plenty of discussion on the blogs concerning our status. Check out Sound investment or irresponsible debt? by Bill Holmes of HighBoldtage and EVERGREEN PULP: Closing for good? The Humboldt Herald. Be sure to check out the comments.
I have been in contact with local labor leaders and will be meeting with some tomorrow over proper protocol for Evergreen workers to enter local union trades. I encourage workers to hope for the best but be prepared for the worst. This may be the time to really consider using the training available to have a new vocation. When/if the Pulp Mill starts, you will have to make a decision on where to go career wise.
I have also been in contact with a local insurance provider who may be able to write insurance to fill the gap of our unemployment for under $200 a person as opposed to the over $500 for Cobra. I will be calling the membership when I have a meeting set up. We have until Nov. 30th unless I am able to have Attorneys get us an extension per WARN ACT violation.
I have had local financial experts examine the financial transaction of the sale of Evergreen (Lee & Man Paper Manufacturing Ltd.) and what I am hearing so far is not all positive.
To top it all, I am sure you all have received your 401k Quarterly statement from Principal Financial Group for the 3rd Quarter. I lost $4,600 this last three months and have been losing over $1,000 per month for the year. (Well over $10,000 this fiscal year) Don't even want to see my loses for the 4th Quarter of 2008. Most of my account is in Large U.S. equity. (High risk)