BANGOR (AP) – A U.S. bankruptcy judge is allowing Red Shield Environmental LLC and RSE Pulp & Chemical LLC to take a loan advance to pay workers and health care premiums.
The first paychecks are for the pay period ending June 15 and total about $226,000 for 190 people employed at the mill. By the pay period ending June 29, that number had been reduced to 28 workers remaining on site to maintain the facility during bankruptcy proceedings.
Red Shield purchased the former Georgia-Pacific Corp. paper mill in 2006 and brought in RSE Pulp to operate the mill. Both companies filed for Chapter 11 bankruptcy protection last weekend.
Send questions/comments to the editors.
Related Stories
Latest Articles
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.