September 11, 2008
Katahdin begins layoffs
By The Mainebiz News Staff
Katahdin Paper Co. LLC will begin laying off its 208 workers a few at a time this week, as the mill preps for an indefinite shutdown.
The Maine Department of Labor's Rapid Response team will assist the nine Katahdin workers who will be laid off this week, the Bangor Daily News reported.
The mill's parent company, Brookfield Asset Management of Toronto, is shutting the plant down because of high energy costs. The mill currently is run exclusively on oil. Brookfield has said it wants to install a biomass boiler and, if successful, could reopen the mill sometime next year.
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