Grand Falls-Windsor Mill Case Study

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(ii) A stakeholder is an individual or a group with a multitude of interest, expectations, and demands as to what the business should provide to society . The five key stakeholders in this case are: Community The community around the Grand Falls-Windsor Mill is a very important stakeholder. In the article Abitibi Pulls Plug on Newfoundland Newsprint Mill, it stated “[Grand Falls-Windsor Mill] is the largest private employer in the region, and the reason the town was built more than a century ago” . Many members of the community are employed in the Grand Falls-Windsor Mill, which makes this community a key stakeholder. “AbitibiBowater had said that its Grand Falls-Windsor Mill, which was built almost a century ago, had the highest labour costs of any of its operations. The news is a big blow to the community” . About 750 members of the community will become jobless, which will affect the living standards of the Grand Falls-Windsor Mill residents. This mill has provided many families with income and benefits; however, with the closing of the mill many families…show more content…
“but at the end of the day, the reality is that when you have to cut so much volume in production capacity, you have to look at your operations that are the most expensive to run, and Grand Falls-Windsor is one of them” . This clearly indicates that because of “slumping consumer demand for newspapers” is has become more costly to keep mills open. “the move comes as the company tries to maintain a high price for its product in a marketplace that has been in upheaval because of declining demand from publishers and turbulence because of currency change” . The owners are a key stakeholder because if costs begin to get too high, it is their decision whether the marketplace will eventually get better, or whether the decision to close in the only

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