ESCANABA -- With the closing of Manistique Papers, there was concern about other local paper makers.
NewPage Corporation is currently working to restructure its debt load by the end of this year. The company has advisors to review alternatives.
They stated in a regulatory filing that if they're unable to refinance or generate sufficient cash flow, they may have to file for Chapter 11 bankruptcy protection.
"This is a good, strong company with good, strong people, and I expect you'll see us making paper for a long time. I can't speculate on what the ultimate restructuring will be with the company," said NewPage Community Affairs Manager, Kel Smyth.
Local officials in Escanaba say they're actually in the process of hiring hourly employees.
TV Station Profiles & Public Inspection Files forWLUC