I asked a friend of mine, a Harmac employee, how he was doing the other day, in light of the collapsed deal to keep the pulp mill operating.
Without hesitation, he was chipper, laying out a couple of options he was exploring, one of which was a golden job opportunity in Alberta. The other was the possibility that Harmac would re-open -- something he fully expects to happen. Needless to say, I was happy for him.
One option being floated is Asian interests backing a plan that would call for every employee essentially buying themselves a job, and part ownership, of a new Harmac, for between $20 and $25,000 each.
Such a scenario would give the new owners a workforce comprised of partners, who would keep a keen eye on the bottom line -- since the company's success would be, in a very distinct sense, their success. It would also create an atmosphere where a board of directors, elected by the employees/members/owners at large, would help guide the operation.
Since all employees would be equal partners due to the fact they would be limited to having one equal ownership share each, it would make for an interesting dynamic. The board could include janitors and bosses, each having an equal say in how to guide the mill's day to day operations.
While this model is successful in other businesses, it would be new for Harmac. Stay tuned. There could be good news from Harmac yet.
PEOPLE ON THE MOVE. . .
Scotiabank has announced the relocation of its Nanaimo North Town Centre (formerly called Rutherford Mall) from unit 166 to 158 at 4750 Rutherford Road.
Branch manager Lynda Kazanowski notes there was a reception this week at the new location of the branch, a new full-service banking centre.
Woodgrove Centre has a new General Manager: Mark Fenwick, who takes the position starting May 26. He arrives from Winnipeg, where he is General Manager of Kildonan Place, which is also an Ivanhoe Cambridge property, like Woodgrove.
This week, Mark took over from Peggy White, who has accepted a transfer to another Ivanhoe Cambridge property, Guildford Town Centre in Surrey.
Elisabeth Reay is pleased to note that Aspengrove School has obtained its certification to become a fully accredited International Baccalaureate World School from the organization's head office in Geneva, Switzerland.
Congratulations to Wayne Krawchuk, who is now the owner/operator of five McDonald's Restaurants in Nanaimo.
Sandra Danchuk of Sandra's Ink has been recognized by the Society of Permanent Make Up Professionals in the United States for her work in cosmetic tattooing. She was a recent guest speaker at an annual convention in Houston, Texas.
Mark MacDonald is the publisher of Business Vancouver Island. He can be contacted at: email@example.com.
© Copyright 2013