The Holt government is allocating up to $45 million from a tariff relief fund to Irving Paper Ltd. to help maintain jobs at New Brunswick’s only remaining paper mill, which has faced job cuts and high electricity costs. This funding is part of a $54.3-million package for seven New Brunswick companies, aimed at sustaining operations and protecting over 183 jobs. Despite previous reluctance for a subsidy, Irving Paper emphasizes the need for solutions to high electricity rates affecting the industry. The ongoing challenges, including U.S. tariffs and uncompetitive energy costs, continue to impact the mill’s viability.
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