THE PAS – There could be some hope in the fight to save hundreds of jobs in The Pas.
Tolko Industries, the BC based company planning to close the town’s paper mill, has received a letter of intent from a potential buyer.
The company in question is not being identified but executives from Tolko are in Winnipeg negotiating, Tuesday. Letters of intent are non-binding and carry a number of conditions.
Tolko announced in August it was planning to close the mill down, saying it was no longer financially sustainable. It’s scheduled to close on December 2nd. If it does, more than 300 people would lose their jobs in the town of 5,500.
Mayor Jim Scott says this is far from a done deal, but he’s hopeful.
“I guess I could say that I am cautiously optmistic,” says Scott. “Let’s see where it goes.”
Scott says he doesn’t know who the potential buyer might be or any details about a potential deal.
It’s believed both the municipal and provincial governments would need to get involved to help finalize any deal.