Paper giant Domtar Corp. won't rule out shedding more jobs and further cutting capacity as it foresees North American paper demand continuing to fall in the coming years. "We're constantly adjusting ... if demand reduces further we will obviously have to take more action," CEO John Williams said yesterday. Mr. Williams made the comments at a news conference following the company's annual meeting in which shareholders endorsed a reverse stock split to help the forestry company preserve its exchange listings and attract new investors. About 1,000 Domtar jobs were cut last year as the Montreal-based producer permanently reduced its paper-making capacity by about 500,000 tonnes. UFS (TSX) closed at $1.33, down 18 cents.
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