We comply with labour market standards for notice in the jurisdictions in which we operate, including labour standards and collective agreements. Brookfield Asset Management Inc., Norbord`s largest shareholder with a 43% interest, has agreed to support the agreement. Our corporate culture is based on clear values: safety, integrity, humility, teamwork, frugality, innovation, competitiveness and mutual respect. These values underpin the way we work together every day. We defend our values by living according to them. It is up to each of us to maintain a respectful workplace and a safe work environment, as well as to know and appreciate each employee`s contribution to a successful business. TORONTO – A $4 billion share transaction in Norbord Inc. shares will be denied to West Fraser Timber Co. Ltd. in a “diversified global wood products company,” CEO Ray Ferris said Thursday. Shares of Vancouver`s West Fraser were trading lower, falling as many as five per cent, or $3.72, to $69.39 a share in Toronto. Our management team comes from the U.S. and Canada, as well as local regions where we operate facilities.
We believe in support from within and our senior management team is a testament to that. Our management teams at the local and company level are made up of employees who have developed their skills with us and have evolved into senior management and supervisory positions within the company. Learn more about our approach to employee development and training. The offer represents a 13.6% premium to Toronto-based Norbord`s closing price on Wednesday, and the stock quickly edged above that level on Thursday, jumping as low as $6 to $49.46 before drifting to $46.98 at midday ET. While benefits vary from country to country depending on national legislation, employees on all West Fraser operations receive competitive salaries, advanced health and medical benefits, insurance and retirement programs (more details). *The number of employees includes the proportion of employees in 50% of the company`s own companies. For more data on diversity and gender for west Fraser`s workforce, see the Equal Opportunities section. . Hank Ketcham, whose family founded West Fraser and owns approximately 11% of the shares, will continue to serve as President. One of our recruitment objectives and a sectoral priority is to hire a diverse workforce, including improving the under-represented participation of Indigenous peoples, women and visible minorities in the labour market in our operations. .