Meanwhile, AbitibiBowater is in bankruptcy, meaning some 8000 jobs in Canada may be lost, of which 7500 are in Quebec. No govt bailouts for these guys/gals.
Should be an interesting political time over this issue. 
8,000 added to the those already lost. And not a single bailout dollar to be seen.
In fact, Newfoundland is in the process of trying to reposes (so to speak as ownership of the resource is somewhat convoluted) the Abitibi assets on the Island. What they will do with them I am not sure.
Some corrections:
Its 14,000 employees in total, with about 7,000 in Quebec;
And the Quebec government is now offering a loan of $120M:
http://www.cbc.ca/money/story/2009/04/17/abitibi-loan.html"The Quebec government is offering AbitibiBowater loan guarantees worth up to $120.6 million as a temporary measure to help the company with its effort to restructure while under bankruptcy protection."
but the US is not happy about this:
"Late Friday, the U.S. Coalition for Fair Lumber Imports said the loan violated the Softwood Lumber Trade Agreement, which "specifically prohibits Canadian government authorities, including provincial governments, from providing 'benefits' to companies that produce softwood lumber."
"Quebec admitted in its announcement that it is providing the subsidy to keep AbitibiBowater's mills operating," said coalition chair Steve Swanson. "As scores of U.S. sawmills close and workers lose their jobs, we will not stand for this type of artificial intervention in the market."
Wonder why this has not been brought up with the auto industry bailouts?
