Irving Paper Closing Half of Operations Over NB’s ‘Uncompetitive’ Electricity Rates

An Irving Pulp and Paper Ltd. mill is seen in Saint John, N.B., on March 7, 2019. The Canadian Press/Andrew Vaughan

Irving Paper Ltd. says it will permanently close half of its operations because New Brunswick’s industrial electricity rates are “uncompetitive.”

The Saint John manufacturer of paper used for magazines, catalogues and newsprint says it is cutting 140 jobs effective immediately.