FARMINGTON — A Jay man, one of three former employees accused of taking items from Verso paper mill in Jay, pleaded guilty Tuesday in Franklin County Superior Court. Under a plea agreement, Stephen Gervais, 48, was given a deferred disposition on a felony charge of theft by unauthorized taking or transfer, which carries a maximum […]
Verso Paper
Posted inBusiness
Verso Corp. analysis: Debt, challenges loom
Editor’s note: The Commercial Appeal, a newspaper in Memphis, where Verso Corp. is headquartered, ran this analysis in late August detailing the company’s challenges and debts. It’s reprinted with permission. Verso Corp.’s stock price has fallen to 25 cents per share from $3.43 at the end of December, a fall so steep it’s like an […]
advertisement
Posted inObituaries, sj-web
Reginald Parker Watson
1957 – 2015 FARMINGTON — Reginald Parker Watson, 57, of Chesterville passed away Saturday, July 4, at Franklin Memorial Hospital in Farmington. He was born Oct. 25, 1957, in Farmington, the son of Irvin and Maxine Watson. He was a graduate of Mt. Blue High School and went on to work at Bass Shoe, where […]
Posted inBusiness
Bucksport union challenges federal approval of Verso-NewPage merger
BUCKSPORT — The union representing 58 workers at the Bucksport paper mill Verso closed in December 2014 has asked a federal judge to require resale of the mill to a paper maker or make stricter its settlement that allowed Verso to buy its larger competitor, NewPage. The International Association of Machinists and Aerospace Workers on […]
Posted inBusiness, sj-web
Union says Verso owes more severance to Bucksport workers
BUCKSPORT — Maine’s Bureau of Labor Standards is looking into whether a shuttered paper mill has paid all of the severance owed to machinists who worked at the facility. A spokeswoman for the bureau says Monday the review of Verso Paper Corp. is ongoing. The International Association of Aerospace Workers and Machinists says Verso erred […]
Posted inFranklin
Jay board to discuss possibility of leasing French Falls Recreation Area
JAY — Selectpersons will hear a presentation Monday night on entering a lifetime lease with the Androscoggin Land Trust for property in the French Falls Recreation Area. The trust acquired nearly 1,250 acres of forested land along the Androscoggin River in Canton and Jay in 2014 to permanently conserve it for public use. The French […]
Posted inBusiness
Judge refuses to halt sale of Bucksport mill to Canadian scrap metal firm
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 […]
Posted inBusiness, Maine
Bucksport mill gets three new suitors before court hearing
BUCKSPORT — Three companies have stated an interest in restarting Verso’s shuttered mill, filing letters notifying a federal judge that they would like time to evaluate the facility, which is set to be sold to a scrap dealer. Each of the companies filed letters before a hearing Tuesday where U.S. District Court Judge John Woodcock […]
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 […]
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 […]