Duluth, MN (Northland's NewsCenter) -- The parent company of a major Duluth employer has filed for Chapter 11 bankruptcy. NewPage Corporation, which owns the NewPage Duluth paper mill and recycling plant said the filing is part of a company-wide plan to restructure.
More than 300 people work at the NewPage plant in Duluth.
And while the company said it plans to continue to operate all of its U.S. plants throughout the bankruptcy process, there's still some uncertainty.
NewPage Corporation announced today that in order to restructure their debt and position themselves for long–term success, they voluntarily filed for Chapter 11 bankruptcy.
When asked about the immediate impact to the Duluth plant, a spokesperson for NewPage Corporation told the Northland's NewsCenter quote, "We intend to continue to operate business as usual with no impact to the Duluth Mill."
A section on the NewPage website has been devoted to answering questions employees might have.
According to the company's website, the restructuring process could take several months or even years.
NewPage Corporation is one of the leading producers of printing and specialty papers in North America.
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