I regret the impact that our decision at Thunder Bay will have on our employees, their families and the community. However, this restructuring is essential for the viability of this site. Also critical is an improved operating environment in Ontario.

Arnold Nemirow

Community Decision Employees Regret Will

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We sincerely regret the impact that this decision will have on many of our employees. We believe, however, that this action will strengthen our logistical capabilities and improve the company's remaining U.S. manufacturing operations.

— Farooq Kathwari

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A stronger Canadian dollar, seasonally weak coated pricing, and higher labor related expenses affected first-quarter results.

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Our 2005 financial results were very disappointing. We continued to face a stronger Canadian dollar, and higher energy and wood costs.

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Whenever our decisions affect employees, they are made with careful consideration. We regret the loss of positions and will work with the affected employees to help them in their personal transitions.

— Gerald Evans

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Yes, there will certainly be one company that ignores the guidelines. That company might live to regret that decision.

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