A hearing ended Monday after nearly seven hours of discussion, to decide the future of Appleton Coated and its more than 600 workers. It looks like the future could be a little bit brighter for those workers. During Monday's hearing the judge was supposed to either approve of the $21 million purchase agreement or deny the sale. However, some changes were made to those original purchase agreements after a different offer came through from the employee union and a lending firm. "We will work to do our very best to provide an operating budget to each of the steelworkers and the receiver. We will work very hard. That's not a guarantee, but if it's not done by the end of the day tomorrow it will be done the following day," explained Mark Friedlander, Industrial Assets attorney. Now, Industrial Assets says it will pay $20 million , with more money to provide an operating budget to keep the plant open for 45 days. Over those 45 days Appleton Coated will run with only 200 employees to fulfill current orders. The mill typically employs more than 600 people. Click Read More below for more of the story.
Domtar Corporation (NYSE: UFS) (TSX: UFS) announced today that employee volunteers from the company’s paper mill in Rothschild, WI, assembled 500 baby care packages for donation to a number of local nonprofit organizations that help support underserved families in the greater Rothschild area. The donated care packages include baby diapers and children’s books. Domtar makes a wide variety of everyday products from sustainable wood fiber, such as copy paper and diapers. Domtar’s Rothschild paper mill employs approximately 375 people in the local community.
The packages assembled by Domtar employees will be distributed to the following nonprofit organizations who will in turn distribute these baby care packages to underserved families in the Rothschild community:
•United Way of Marathon County (Bundles of Joy program) located at 705 S 24th Avenue, Wausau, WI 54401
•Salvation Army located at 202 Callon Street W, Wausau, WI 54401
•Neighbors Place, located at 745 Scott Street, Wausau, WI 54403
•The Women’s Community located at 3200 Hilltop Avenue, Wausau, WI 54401
•Community Center Hope located at 607 13th Street, Mosinee, WI 54455
“We’re proud to provide these care packages to families who need them,” said Domtar corporate responsibility manager, Heather Alverson Stowe. “Domtar is committed to caring for the communities in which we operate—it’s a cause that is close to our hearts and core to our business.”
The Domtar Comfort and Care Program has helped alleviate financial and emotional stress for families in need by donating hundreds of thousands of diapers to charitable organizations.
The new board books included in the baby care packages were donated by Domtar through its partnership with First Book. As part of its Powerful Pages campaign, Domtar has partnered with First Book, a nonprofit social enterprise that provides books to children in need, since 2012 to provide more than half a million dollars in grants to schools and programs in towns that are home to Domtar facilities. Domtar’s grants provide funding to educators to purchase books through the First Book Marketplace, a website available exclusively to First Book programs, and then the school’s children are able to bring home the new books.