SNB - JDI Negotiations Update
As was reported in the February 18, 2022 update, SNB and JDI were unable to come to an agreement on pricing during conciliation efforts earlier in February.
At the March 7, 2022 meeting of the SNB Board, a motion was passed to seek arbitration proceedings with JDI from the NB Forest Products Commission.
Yesterday, SNB and JDI were notified that the Commission has granted the arbitration request to proceed pursuant to Regulation 92-114 under the Forest Products Act. The two parties have been given seven days to appoint their respective member to the arbitration board and appoint a mutually agreed upon chairperson to hear the proceedings. If that is not possible, the Commission may appoint a chairperson.
Further information will be provided as it becomes available.
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