tag:blogger.com,1999:blog-30719375.post4240452480651766133..comments2024-03-06T20:20:23.420-08:00Comments on samoasoftball: Evergreen Pulp to start in a few months! As a new company. Evergreen Pulp?samoasoftballhttp://www.blogger.com/profile/06244238117702878406noreply@blogger.comBlogger24125tag:blogger.com,1999:blog-30719375.post-66452643102872543362010-09-07T15:45:02.508-07:002010-09-07T15:45:02.508-07:00just like most of you pulp mill workers. You'r...just like most of you pulp mill workers. You're living a pipe dream that the mill will open up. just like the out fall line it's plugged tight.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30719375.post-6589120539199752312008-10-23T18:42:00.000-07:002008-10-23T18:42:00.000-07:00How come you guys aren't marching through Eureka w...How come you guys aren't marching through Eureka with signs and chants?<BR/><BR/>Why aren't you demanding answers?<BR/><BR/>Why aren't you picketing Mike Thompson, Patty Berg, Mayor Bass, the County Supervisors and the Chamber of Commerce or anyone else you think appropriate?<BR/><BR/>Do you think that UNION JOBS ARE SAVED BY SITTING ON YOUR ASS?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30719375.post-38113677751366869242008-10-20T14:46:00.000-07:002008-10-20T14:46:00.000-07:00It seems to me that if the union workers and local...It seems to me that if the union workers and local administrative types believe they could operate the mill at a profit, this is an excellent time to try to collaboratively work with the owners to share the risks and profits.<BR/><BR/>If the owners really are all new people, at least there aren't any personality conflicts to get in the way of making a plan that gets the plant opened sooner rather than later.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30719375.post-88988643341689357572008-10-20T08:26:00.000-07:002008-10-20T08:26:00.000-07:00Yes, David Tsang looked you right in the eyes and ...Yes, David Tsang looked you right in the eyes and lied to you.<BR/><BR/>Do you really think that this is a "restructuring?"<BR/><BR/>Sorry. Start practicin' your telemarketing skills. Sell some credit cards over the phone. Good honest work.<BR/><BR/>David Tsang has spoken. Are you listening?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30719375.post-37031289478263833962008-10-19T17:31:00.000-07:002008-10-19T17:31:00.000-07:00David Tsang can speak for himself but it's clear t...David Tsang can speak for himself but it's clear that Evergreen is no longer associated with Lee and Man.<BR/><BR/>This is from the Lee and Man disclosure:<BR/><BR/>"the Purchaser - to the best of the Directors' knowledge,<BR/>information and belief having made all reasonable enquiries,<BR/>the Purchaser and its ultimate beneficial owners are third<BR/>parties independent of the Company and Connected Persons of<BR/>the Company."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30719375.post-44965884230040198102008-10-19T16:59:00.000-07:002008-10-19T16:59:00.000-07:00So when Evergreen CEO David Tsang said:“What the p...So when Evergreen CEO David Tsang said:<BR/><BR/>“What the parent company, Lee and Man, have done is restructured Evergreen Pulp under a new division."<BR/><BR/>He didn't mean it was still part of Lee & Man?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30719375.post-32053246904763838562008-10-19T15:41:00.000-07:002008-10-19T15:41:00.000-07:00If the plant reopens within 6 months, the WARN pro...If the plant reopens within 6 months, the WARN provisions don't apply. But there are other exceptions to WARN, especially those that have to do with unforseeable business circumstances. I'd assume the provisions of the union agreement apply to the new owner. <BR/><BR/>According to a Lee and Man disclosure statement posted Thursday, the Evergreen transaction was a "spin off" of a money losing subsidiary.<BR/><BR/>It was sold for "book value". Thats a ridiculously low value for a viable company sale. The buyers are not connected to Lee and Man. Now, Evergreen will get to stand on its own, for better or worse.<BR/><BR/>This seems to be the plant's recent history. Buy, invest money, experience operating losses, sell.<BR/><BR/>The buyers put down only 10%($2.6M) of the price with the remainder to be paid in quarterly $3.9M payments. Those are generous terms and with no interest. I can assume only that the new owners intend to operate the plant, not liquidate it. But at this point it would seem they may have a viable option of liquidation, depending upon the marketability of the equipment and property.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30719375.post-52365985319701617942008-10-19T10:00:00.000-07:002008-10-19T10:00:00.000-07:00"The global financial crisis is a direct result of..."The global financial crisis is a direct result of 25 years of Republican Reaganomic deregulation that has led to the biggest theft in human history."<BR/><BR/>This disaster is a product of the "bipartisan cooperation" that so many candidates invoke as something to strive for.Joel Mielkehttps://www.blogger.com/profile/03087883565896070720noreply@blogger.comtag:blogger.com,1999:blog-30719375.post-50613388401524083172008-10-19T09:27:00.000-07:002008-10-19T09:27:00.000-07:00If the mill ever reopens, it will be after the con...If the mill ever reopens, it will be after the contract expires.<BR/><BR/>You will then be allowed to "apply" for positions.<BR/><BR/>They will be for less than half what is paid now. Benefit clocks will start at zero, if there are any benefits. All seniority will disappear. This has happened all over the United States in the last 6 years. Are you asleep?<BR/><BR/>Where are the signs and picket lines? Your life is cutting and running. YOU HAVE BEEN SOLD DOWN THE RIVER!<BR/><BR/>YOU STILL HAVE A CHANCE IF YOU REMEMBER WHAT IT'S LIKE TO BE A REAL UNION AGAIN.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30719375.post-20152488254009136232008-10-19T04:22:00.000-07:002008-10-19T04:22:00.000-07:00"Can't imagine that driving a forklift at..."Can't imagine that driving a forklift at the mill is any more demanding than driving one at Sun Valley bulb farm. Or operating the pulp machines is more challenging than working in a meat packing plant."<BR/><BR/>Looks like you have not done both, probably not either. I have and in both cases and yes the loads on a forklift in a mill are ALOT differant than a lug of bulbs and the same goes for the machinery. Lets see, machines that sort little bulbs and clean them, or ones that strip bark off of trees and chew them up into little bits. Wonder which one is more dangerous and more apt to cause serious injury or death? Which in turn would than be a higher wage and skill job. 10:34pm, Dude your a F*&King idiot.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30719375.post-28505420551740990322008-10-18T22:34:00.000-07:002008-10-18T22:34:00.000-07:00I wonder if those high paying jobs will be not so ...I wonder if those high paying jobs will be not so high paying if the mill is ever to reopen? How much skill and knowledge is required of the various operators?<BR/><BR/>Can't imagine that driving a forklift at the mill is any more demanding than driving one at Sun Valley bulb farm. Or operating the pulp machines is more challenging than working in a meat packing plant. Hmmmm...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30719375.post-82293550913500236562008-10-18T15:32:00.000-07:002008-10-18T15:32:00.000-07:00Lee & Man sells USLM & HKLM.USLM & HKL...Lee & Man sells USLM & HKLM.<BR/><BR/>USLM & HKLM own Evergreen Pulp.<BR/><BR/>Lee & Man says the deal is because “…continuing increasingly production cost in USA… we decided it is the right time to dispose of the business.”<BR/><BR/>USLM & HKLM is sold to newly incorporated Worthy Pick Group Limited.<BR/><BR/>Worthy Pick Group Limited is new devision of Lee & Man (according to today's ER).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30719375.post-79074639376436205512008-10-18T13:56:00.000-07:002008-10-18T13:56:00.000-07:00If they ever re-open the mill, it will be after th...If they ever re-open the mill, it will be after the current agreement expires in June 2009, dontcha think?<BR/><BR/>A little downtime is a great negotiation tool. They did ask for a 15% reduction in wages didn't they? <BR/><BR/>They will probably pressure for reductions in environmental restrictions too. That is if they are serious about reopening.<BR/><BR/><BR/><BR/>I guess you guys didn't take the hint.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30719375.post-2172969999681648462008-10-17T22:34:00.000-07:002008-10-17T22:34:00.000-07:00QuamNews: L&M Paper Sells US Paper Pulp Making...QuamNews: L&M Paper Sells US Paper Pulp Making Biz at HK$200 Mln<BR/>17 Oct 2008<BR/>QuamNews<BR/><BR/>Lee & Man Paper (2314) said it disposed the entire interest in USLM Acquisition, Inc. and HKLM Acquisition, Inc, (”USLM & HKLM”) at a consideration of HK$200 million.<BR/><BR/>USLM & HKLM were paper pulp manufacturers in the USA. The gain from the transaction was estimated at about HK$1 million and the consideration was decided based on the net book value of the assets of USLM & HKLM. The transaction was completed on 15 October.<BR/><BR/>Raymond Lee, CEO of Lee & Man Paper, said, “The profit margins of USLM & HKLM have been dwindling significantly because of the continuing increasingly production cost in USA. With what’s best for long-term development of the group in mind and the pulp line in Chongqing plant has started production, we decided it is the right time to dispose of the business. The move has freed resources for us to concentrate on growing our containerboard and pulp businesses in China with lower production costs.”Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30719375.post-11001698886327364902008-10-17T17:09:00.000-07:002008-10-17T17:09:00.000-07:00Did David Tsang say who are the principals of the ...Did David Tsang say who are the principals of the new owner, "Worthy Pick Group"? The TS article quoted him as implying they are the principals of Lee and Mann.<BR/><BR/>Clearly, no one here understands what is really going on and what it will take for the mill to make money and continue.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30719375.post-35102826000033895602008-10-17T14:34:00.000-07:002008-10-17T14:34:00.000-07:00Although there is still plenty of uncertainty, it ...Although there is still plenty of uncertainty, it does appear that EP will go through a change of ownership for the purpose of better access to credit.<BR/><BR/>I sure hope this works out, for all the workers affected by this closure and for the community as a whole.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30719375.post-48877449198853683512008-10-17T11:57:00.000-07:002008-10-17T11:57:00.000-07:00It appears that David Tsang wasn't totally up fron...It appears that David Tsang wasn't totally up front with you Richard. Wake up and smell the coffee.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30719375.post-90957927800771199592008-10-17T10:54:00.000-07:002008-10-17T10:54:00.000-07:00PULP MILL SOLD!!!!!!!PULP MILL SOLD!!!!!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30719375.post-66369889962056574692008-10-17T10:10:00.000-07:002008-10-17T10:10:00.000-07:00Ahh Bill, Take off your tinfoil hat and take a dee...Ahh Bill, <BR/><BR/>Take off your tinfoil hat and take a deep breath.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30719375.post-10128600724053993312008-10-17T09:40:00.000-07:002008-10-17T09:40:00.000-07:00The global financial crisis is a direct result of ...The global financial crisis is a direct result of 25 years of Republican Reaganomic deregulation that has led to the biggest theft in human history.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30719375.post-73853997603329177422008-10-17T09:12:00.000-07:002008-10-17T09:12:00.000-07:00Bill, there you go again.It's all the Republican's...Bill, there you go again.<BR/><BR/>It's all the Republican's fault. NOT.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30719375.post-35869842684196896892008-10-17T07:17:00.000-07:002008-10-17T07:17:00.000-07:00Or you could just follow the Republican solution a...Or you could just follow the Republican solution and get a job at the flower bulb farm or mcdonald's.<BR/><BR/>You are free to choose other employment. Its the free market republican way.<BR/><BR/>You are free to starve. It is the free market. It is the republican way.<BR/><BR/>If you find yourself broke, hungry and homeless it is your fault because you "chose" to work at the pulp mill. You could have "chosen" another career.<BR/><BR/>Gotta love these republicans.<BR/><BR/>Yes vote for Jager. He will tip you a quarter when he lets you shine his shoes.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30719375.post-29300540848555437882008-10-17T07:16:00.000-07:002008-10-17T07:16:00.000-07:00Or you could just follow the Republican solution a...Or you could just follow the Republican solution and get a job at the flower bulb farm or mcdonald's.<BR/><BR/>You are free to choose other employment. Its the free market republican way.<BR/><BR/>You are free to starve. It is the free market. It is the republican way.<BR/><BR/>If you find yourself broke, hungry and homeless it is your fault because you "chose" to work at the pulp mill. You could have "chosen" another career.<BR/><BR/>Gotta love these republicans.<BR/><BR/>Yes vote for Jager. He will tip you a quarter when he lets you shine his shoes.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30719375.post-3937725859513540752008-10-16T23:30:00.000-07:002008-10-16T23:30:00.000-07:00COBRA is such a joke. Talk about forcing people to...COBRA is such a joke. Talk about forcing people to play Russian Roullete. And good luck applying for the private insurance. By the time you get settled in to it the mill will be reopened. The dark underbelly of the American system is exposed. This in a country which spends more per GDP on health than anywhere else. Fuck.Anonymousnoreply@blogger.com