Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

NC Gov. Cooper urges against large paper mill’s closure

by March 17, 2023
March 17, 2023
NC Gov. Cooper urges against large paper mill’s closure

Gov. Roy Cooper on Thursday urged the operators of a large western North Carolina paper mill set to shutter to find a way to keep it running, saying a closure would have a ‘devastating effect’ on the region and its people.

Pactiv Evergreen announced last week that it expected to close its Canton mill during the second quarter as part of a restructuring of its beverage merchandizing operations. About 1,100 employees are expected to lose their jobs.

In a letter, Cooper asked Pactiv Evergreen USA CEO Mike King to ‘explore all options’ to keep the mill operating, whether through a sale, repurposing of the plant, or through any other means.

The mill ‘has been in operation for more than a century and has been the lifeblood of that town and region,’ Cooper wrote. ‘Our priority remains to support the people affected by this unexpected closure by providing any available resources to their relief and recovery.’

The company said in its March 6 announcement that about 1,300 positions would be eliminated with the closing of the Canton mill and a converting facility in Olmsted Falls, Ohio.

Cooper also put the company on notice that the state would seek to recover $12 million in state-funded incentives received to keep the mill operating if it closed.

A Job Maintenance and Capital Development grant agreement announced in late 2014 between the state and two subsidiaries required the company to retain at least 800 full-time workers through the end of 2024, according to Cooper.

‘If you follow through your announced plans, we will demand full repayment of those funds,’ Cooper wrote.

Attorney General Josh Stein on Thursday sent a separate letter to King that went further, demanding his company repay the grant funds immediately based on ‘the company’s clear intent to breach’ the agreement. Stein also reminded King of Pactiv Evergreen’s responsibilities to address any outstanding environmental issues at the mill site.

Local officials have pledged resources to the workers who are expected to be laid off. Cooper’s state government budget proposal released on Wednesday recommended $5 million be set aside to support employee and community needs in Canton. The budget document said any incentives clawed back from the two subsidiaries would be used to help Canton.

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Mar-a-Lago staffers subpoenaed for Trump classified document investigation
next post
Michigan loses appeal over former governor’s acquittal in Flint water case

You may also like

Here We Go: Lee Zeldin’s Campaign Under Investigation...

October 28, 2022

Top Harris aide hypes radical activist who said...

December 17, 2024

House Dems suggest Trump is trying to bring...

March 6, 2025

Poll shows Trump and Biden neck-and-neck in 2024...

October 19, 2023

No Labels still pursuing third-party candidates after Manchin’s...

February 20, 2024

Former NFL and Clemson University Athlete Adrian Dingle...

November 12, 2022

No-permit concealed carry advances in Nebraska Legislature

March 4, 2023

The State of New California Takes One Step...

October 24, 2022

Johnson to side-step GOP rebels on government funding,...

September 24, 2024

US airstrikes leave a mark on Iran’s nuclear...

June 25, 2025

Here We Go: Lee Zeldin’s Campaign Under Investigation...

October 28, 2022

Top Harris aide hypes radical activist who said...

December 17, 2024

House Dems suggest Trump is trying to bring...

March 6, 2025

Poll shows Trump and Biden neck-and-neck in 2024...

October 19, 2023

No Labels still pursuing third-party candidates after Manchin’s...

February 20, 2024

Former NFL and Clemson University Athlete Adrian Dingle...

November 12, 2022

No-permit concealed carry advances in Nebraska Legislature

March 4, 2023

The State of New California Takes One Step...

October 24, 2022

Johnson to side-step GOP rebels on government funding,...

September 24, 2024

US airstrikes leave a mark on Iran’s nuclear...

June 25, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Rapidrop secures multi-million pound investment from BGF to fire up international expansion

      July 10, 2025
    • Watchdog backs Rubio’s sanctions on UN official over ‘shameful efforts’ targeting US, Israel

      July 10, 2025
    • Seizing AI’s Trillion Dollar Cyber Opportunity

      July 9, 2025
    • Biden doctor pleads the Fifth in speedy House closed-door interview

      July 9, 2025
    • The Seasonality Trend Driving XLK and XLI to New Highs

      July 9, 2025
    • Want Faster, Lower Risk Trades? Use This Setup

      July 9, 2025

    Categories

    • Business (8,430)
    • Investing (2,112)
    • Politics (15,987)
    • Stocks (3,197)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved