BANGOR — The sale of the Bucksport mill to a subsidiary of scrap dealer American Iron & Metal for $58 million may go forward after a federal judge Tuesday refused to halt it due to possible antitrust violations. U.S. District Judge John Woodcock said in his 73-page ruling, issued about 2 p.m., that lawyers for […]
mill closure
Posted inBusiness, Maine
International papermaker wants to buy Bucksport mill, according to court documents
BUCKSPORT — An international firm with offices in Mumbai, Singapore and New York City wants to buy the closed Verso mill and operate it as a papermaking facility, according to a letter filed Sunday in U.S. District Court in Bangor. Rahul Kejriwal, the head of Kejriwal Singapore International, sent the letter, dated Jan. 16, to […]
advertisement
Posted inMaine, sj-web
Bucksport to hold public forum in wake of mill shutdown
BUCKSPORT — Bucksport residents are discussing the future of their town in the aftermath of the shutdown of the Verso paper mill. The mill shut down production this month, putting more than 500 people out of work. Its owner has announced plans to sell the facility to a Canadian metal recycler. The town of about […]
Posted inBusiness
Steelworkers’ union at odds with machinists over Verso severance pay
BANGOR — A dispute has broken out between two unions representing employees at the Verso Paper mill in Bucksport over whether the company should be forced to pay full severance to the displaced workers by Jan. 8, 2015. On Monday, the United Steelworkers union filed paperwork in U.S. District Court in Bangor seeking to join […]
Posted inBusiness, Maine
Rally scheduled for Bucksport mill employees on final day of work
BUCKSPORT — Some came out with grim faces while others smiled and stopped to shake hands and chat with friends about days gone by. But all millworkers who filed out of the Verso Paper mill Wednesday got applause from a crowd of more than 100 people who gathered at the main gate to mark the final […]
Posted inBusiness, Maine
Union sues Verso, AIM in effort to block sale of Bucksport mill
BUCKSPORT — A local chapter of a union on Monday sued the owner of the Verso Paper mill and the scrap metal recycling firm buying the now idled facility in an effort to block the sale. Local Lodge 1821 of the International Association of Machinists filed the complaint Monday in U.S. District Court in Bangor. […]
Posted inBusiness, Maine, sj-web
LePage opposes sale, dismantling of mill in Bucksport; weighing options to intervene
AUGUSTA — Gov. Paul LePage’s administration said Wednesday that he’s concerned about the proposed sale of a Maine paper mill to a Canadian scrap metal recycler and is weighing state actions to ensure the mill remains intact. Verso Paper Corp. has reached a deal to sell its Bucksport mill to a subsidiary of Montreal-based American […]
Posted inBusiness, Maine
Bucksport mill closure hits home as families face uncertainties
BUCKSPORT — It’s been a tough year so far for the Raymond family in Bucksport. Days before the New Year, Geoff Raymond, 27, fell from a ladder and broke both of his feet. The father and husband was out of work until July. Then, just three months after returning to work, he found out he’d […]
Posted inMaine, sj-web
Gubernatorial candidates react to Old Town mill closure, show split on energy, jobs policies
AUGUSTA — Everyone, from Republican Gov. Paul LePage to the employees of Old Town Fuel & Fiber, expressed shock at Thursday’s announcement that the mill has indefinitely ceased operations. Now, in the midst of a heated campaign year, the focus has shifted to what caused the closure and to what can be done to avoid […]