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AbitibiBowater to file for protection

Debt-bur­dened AbitibiBowater Inc. said Thursday it will continue daily operations and meet its payroll as it restruc­tures under bankruptcy protection from creditors in Canada and the United States, refusing to com­ment on job cuts.

Debt-bur­dened AbitibiBowater Inc. said Thursday it will continue daily operations and meet its payroll as it restruc­tures under bankruptcy protection from creditors in Canada and the United States, refusing to com­ment on job cuts.

A spokesperson said the company will not be making severance pay­ments to about 800 workers laid off after AbitibiBowater recently closed its Grand Falls-Windsor, N.L., operation.

 
 
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