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jpak

(41,758 posts)
Thu Apr 7, 2016, 12:06 PM Apr 2016

LePage: Unnamed southern Maine company to shed 900 jobs

Source: Bangor Daily News

While visiting Orono during one his town hall-style meetings, Gov. Paul LePage told the audience Wednesday evening that Maine is on the verge of losing 900 more jobs — this time in the southern part of the state.

The governor’s meetings commonly touch on Maine’s energy and tax problems, which he says are forcing the collapse of the papermaking industry. And while discussing the pending closure of the Madison Paper Industries mill, he said there are more massive job losses on the horizon.

“There’s a big company that hasn’t come out yet. I happen to know about it, and I’m sworn to secrecy until they make a public announcement, but we’re talking 900 jobs in the most prosperous part of our state — down south,” LePage said.

The governor said energy costs were driving the unnamed company out.

<more>

Read more: http://bangordailynews.com/2016/04/07/news/state/lepage-unnamed-southern-maine-company-to-shed-900-jobs/

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11 Bravo

(23,926 posts)
2. If LePage tells you it's Thursday, double-check it against a calendar.
Thu Apr 7, 2016, 12:23 PM
Apr 2016

Fucker lies just to keep in practice.

jpak

(41,758 posts)
4. He's rooting for these job losses - and gloating that they will impact southern Maine
Thu Apr 7, 2016, 12:29 PM
Apr 2016

which he hates cuz of the socialists that live there.

yup

 

KamaAina

(78,249 posts)
3. "which he says are forcing the collapse of the papermaking industry"
Thu Apr 7, 2016, 12:26 PM
Apr 2016

No, LePew, Al Gore forced the collapse of the papermaking industry when he invented teh intertubes.

 

Wellstone ruled

(34,661 posts)
5. This Company is owned by Sappi Group
Thu Apr 7, 2016, 12:44 PM
Apr 2016

and they have been closing Fine Paper Mills all over the Globe. The use of Fine Paper is in free fall because of Technology. Sappi bought several Mills from Boise Cascade at fire sale prices decades ago and have been closing plants for years as consumer and industry uses have changed. The Largest threat to these Industry is China and South Korea. Remember the number one and tow Exports for the U.S. is Waste Cardboard which is re-manufactured into Copy Paper and Corrugated boxes and scrap steel which is re-manufactured and dumped back into our Market and artificially low prices.


Hopefully these folks come up with a work around to save their plant. If it does go away,well we know the cause and it is not the Labor Contracts,it is spelled NAFTA and a Tax Code that rewards Corporations from moving Plants and Equipment of Shore.

 

Hestia

(3,818 posts)
8. No, it's because of this:
Thu Apr 7, 2016, 01:43 PM
Apr 2016
https://www.yahoo.com/news/china-just-started-unloading-biggest-191110971.html

China just started unloading its biggest problem on the rest of the world, and the world is already freaking out
Linette Lopez
April 6, 2016

The world is about to have a good old-fashioned glut on its hands, courtesy of China's problematic economy.

And the world is already starting to feel the pain.
..
So these products have to go somewhere, and that means they're going to be exported to the world. There are a bunch of industries that need this treatment too.

China's crude steel, aluminum, shipbuilding, chemicals, cement, refinery products, flat glass, and paper will all have to be unloaded on the world, whether the world needs them or not. (Mostly not.)

more at link

(Sounds like a teenage girl wrote the headline)
 

Wellstone ruled

(34,661 posts)
10. And we have seen this before
Thu Apr 7, 2016, 01:54 PM
Apr 2016

with Japan in the Seventies and early Eighties. Remember the gutting of the Apparel Industries,and these same Companies ended up in China. Things got to be really heated with the Peasants and millions of laid off workers. When the China Yuan is darn near parity with the US Dollar,you know something is about blow up . This house of cards is falling apart,and like you posted,this crap will go somewhere at some price.

rladdi

(581 posts)
7. Many Republican controlled states are losing manufacturing companies. Some are moving to
Thu Apr 7, 2016, 01:37 PM
Apr 2016

Mexico, other closing down. The Republicans show us they cannot create or retain jobs. I guess George Bush reinforced what we know about the Republicans. And there campaign speakers are all about more jobs, when they are losing them. Will the voters actually get it before the November election.

bluedigger

(17,086 posts)
11. Well, that pretty much narrows it down to UNUM Provident, then.
Thu Apr 7, 2016, 03:23 PM
Apr 2016

There aren't too many companies with a workforce that large to begin with in the state. All the others are pretty well tied to the area.

http://www.maine.gov/labor/cwri/publications/pdf/MaineTop50Employers.pdf

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