Stagflation
Maine Governor Baldacci Promises Help for Millinocket after Mill Shutdown
May 29, 2008 -- AUGUSTA – Maine Governor John E. Baldacci released the following statement today after learning that Katahdin Paper Co. plans to indefinitely shutdown its mill in Millinocket.
“Record-high oil prices have put Katahdin Paper’s Millinocket mill in a difficult position. The mill is one of the few in Maine that relies almost entirely on oil to generate heat and steam for the paper-making process,” Governor Baldacci said. “My administration is fully engaged in an effort to see the mill re-opened. I believe the company’s energy problem can be solved.”
Governor Baldacci said that the rapid response team from the Department of Labor is ready to support workers affected by Katahdin’s decision. » read more »
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