Monday, December 10, 2012

Mill Closings Change Way of Life

In Wisconsin, mills that produce publishing-grade paper have been closing at an average of one a year since 2006. Each shutdown means a loss of 300 to 600 jobs, in turn draining hundreds of millions of dollars from the region and creating an economic drag that rivals the days of automaker shutdowns in Michigan.
An industry that thrived for generations on a tight, homegrown loop - from the forest to the mill to the printer and often back to the mill for recycling - finds itself at the mercy of Wall Street hedge funds and equally unforgiving global economic and political forces.