Flambeau River Papers prepping for sale of business



Flambeau River Papers prepping for sale of business | closure, Wisconsin,

PARK FALLS, Wis. (From news reports) -- Flambeau River Papers (FRP) in Park Falls will lay off more workers as it shuts down another paper machine.

Last year, the company laid off 82 employees as it closed one of the mill's three paper lines.

In an announcement on Wednesday, FRP said it would close another line and prepare to sell the business. The company blamed declining paper markets for the move. In an email, company representative Aaron Johnson said he expected layoffs to be between 65 and 75 employees.

In the press release, Flambeau River Papers CEO Butch Johnson said "a smaller, but more focused FRP should enhance our ability to find the right buyer."

Under Chapter 128 of state law, a receiver will be appointed to oversee FRP's operations while preparing for a sale.

FRP said no layoffs are expected within the next 60 days.

Before the 2018 layoffs, almost 300 people worked at the company. Aaron Johnson said 187 people currently work there.


**********

Onlypulpandpaperjobs.com has taken off like a rocket! Over fifty jobs are posted, in many interesting categories. These jobs are in at least ten different US states. [06.19.19]

****

Employers are on board with Onlypulpandpaperjobs.com. There are nearly thirty employers located in fifteen different US states and two other countries. [06.19.19]