EACOM-United Steelworkers Union Agreement

The United Steelworkers union and the management of EACOM Timber Corporation are pleased to announce the ratification of their new six-year collective agreement at the Timmins sawmill.

Focused on enhancing employee experience, the discussion led to constructive exchanges on workers’ needs and how best to meet them. The agreement improves upon working conditions, notably in terms of providing greater flexibility.

“The speed at which we reached this agreement is a testament to the level of collaboration and trust between both parties and our willingness to arrive at a mutually beneficial solution,” explains Wade Zammit, Chief Operating Officer at EACOM. “Our people are at the center of our operations and the focus we place on taking care of them is what makes the sawmill such an attractive place to work.”

“Members of the United Steelworkers Local 1-2010 are satisfied with the agreement that was presented to them, as it was ratified. As always, the Union is looking for an agreement that is fair and beneficial for both parties and we believe that this was achieved during this round of negotiations,” states Jacques Jean, President of the United Steelworkers Local 1-2010. “Now it’s time to continue building on and improving the already good relation, communication, trust, and collaboration between the parties.”

EACOM employs 160 people at its Timmins mill and regional administrative centre, 110 of whom are members of the United Steelworkers. In addition to proving the North American housing market with sustainably managed, quality wood products, the Timmins sawmill has been providing stable employment to the region for over 100 years.

About EACOM Timber Corporation

EACOM Timber Corporation is a major Canadian wood products company. Operations include the manufacturing, marketing, and distribution of lumber and wood-based value-added products, and the management of forest resources. EACOM owns seven sawmills, a remanufacturing facility, and an engineered I-joist plant with over 1,200 employees. The Company is committed to investing in strong assets, including healthy forests, advanced technology, and talented people. Visit our website at www.EACOM.ca and follow us on Twitter @EACOMTimberCo.

About United Steelworkers

The USW is the largest private sector union in North America with more than 225,000 members in Canada and more than 850,000 members continent-wide. The USW is Canada’s most diverse union, representing men and women working in every sector of the economy.

Contact:

Biliana Necheva – Investor Relations – biliana.necheva@eacom.ca – (514) 867-7245

Source: EACOM Timber Corporation