CBC is reporting that the St. Stephen Flakeboard Company is laying workers off due to the economic crisis in the U.S. Much of Flakeboard's revenue comes from the housing industry, and the sub-prime mortgage crisis and now the general economic crisis has hit the housing industry hard.
These layoffs are obviously going to have an impact on the amount of product shipped by rail on NB Southern. Let's hope the layoffs are short term and the good people of St. Stephen can get back to work soon.
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