WILTON — Albert “Cliff” Clifton Harris, 81, passed away peacefully Friday, June 15, in Wilton, surrounded by family. He was born August 25, 1936, in Wilton, the son of Albert Ross Harris and Florence Austin Harris Bickford. Cliff graduated from Wilton Academy in 1954, where he was an outstanding athlete. He attended Northeastern University. His professional […]
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Report: None of $40 million taxpayer-assisted investment improved Great Northern mill
A Maine Sunday Telegram investigation found most of a $40 million investment in the now shuttered Great Northern Paper mill in East Millinocket was returned the same day to investors who are receiving $16 million in payments from Maine’s General Fund over seven years. The newspaper reported that neither the $31.8 million loan or $8.2 million in […]
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Cate Street CEO, his wife testify on first day of fraud trial
PORTLAND — The chief executive officer of the company that managed the now bankrupt Great Northern Paper Co. and his wife took the stand Wednesday on the first day of a fraud trial brought against them by a former business associate. The trial stemming from a 5-year-old $1.6 million judgment against Cate Street Capital CEO […]
Posted inBusiness, Maine, sj-web
GNP creditors petition to move bankruptcy case to Maine, but trustee objects
PORTLAND — A group of Maine-based creditors has asked a Delaware court to move the bankruptcy case of Great Northern Paper Co. to Maine, where an attorney said 56 percent of the 1,159 creditors are located. But the Delaware trustee now handling the case plans to oppose that measure, arguing that he has administered bankruptcies […]
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LePage says state helping GNP find partner, but his patience with nonpayment ‘is running thin’
EAST MILLINOCKET — The local paper mill won’t restart unless its owner finds a financial partner, and that likely won’t happen until at least the November election, if ever, Gov. Paul LePage told millworkers on Thursday. LePage partly chided and defended mill investor Cate Street Capital and the Great Northern Paper Co. LLC it formed […]
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Great Northern Paper issues layoff warnings to E. Millinocket workers
EAST MILLINOCKET, Maine — Great Northern Paper Co. issued federally-mandated layoff notices to workers at its idled local mill Friday, informing them they will now qualify for government-sponsored retraining. The federal Workers Adjustment and Retraining Notification Act requires most employers with 100 or more employees to provide notification to workers 60 calendar days in advance […]
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East Millinocket official hopes GNP auction in neighboring town may spur mill restart
EAST MILLINOCKET — A town leader expressed hope Friday that the auction at Great Northern Paper Co. LLC will pay the company’s tax debt to Millinocket and would help restart GNP’s local paper mill. “I think it will tie up some of the loose ends in Millinocket. I am hoping that it gets our mill […]
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Town officials say paper machine auction appears to settle Millinocket financial woes
MILLINOCKET — The auction of Great Northern Paper Co.’s No. 11 paper machine from its defunct mill appears to have settled a $2.24 million property tax dispute with the town, officials said Thursday. Millinocket Town Manager Peggy Daigle said she observed the auction on Internet and had counted $1.08 million in gross bids awarded on […]
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LePage signs bill aimed at helping East Millinocket paper mill
AUGUSTA (AP) — Maine Gov. Paul LePage has signed a bill that aims to restore more than 200 jobs lost at a paper mill in East Millinocket. The bill signed by the Republican governor this week aims to allow the owner of the Great Northern Paper mill to receive revenue from the sale of energy […]
Posted inBusiness, Maine, sj-web
Great Northern Paper to lay off 212 workers in East Millinocket
EAST MILLINOCKET — Great Northern Paper Co. LLC will lay off 212 of its 256 workers at its already idled Main Street facility as the company continues efforts to improve its efficiency, a company spokesman said Thursday. “We understand this temporary work stoppage will be difficult for employees. This is a different course than expected […]