Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Century-old NC paper mill that employs 1,100 to abruptly close, mayor says small town's soul being ripped out By: FOX Business March 07, 2023 at 15:01 PM EST A paper mill that has operated in Canton, North Carolina, for over a century announced it will be shutting down, leaving the local community devastated. A paper mill is closing in North Carolina, shocking employees and the local community. Pactiv Evergreen, a product packaging company, announced Monday that the historic plant is shutting down in the coming months.CATERPILLAR WORKERS REACH CONTRACT DEAL AT DEADLINE, AVERTING POSSIBLE STRIKEThe Pactiv Evergreen plant has been operating in Canton, North Carolina for more than a century.Union representatives with Smokey Mountain Local 507 were reportedly called to a meeting with Pactiv Evergreen officials Monday and told about the plans to close the paper mill. FED'S RATE MOVES PUT MANUFACTURING SECTOR AT RISKIt employs 1,100 people and is considered a keystone of the local economy.The words are simply not enough," Canton Mayor Zeb Smathers said, according to local outlet ABC15. "When I was downtown and I saw grown men with tears in their eyes, there are not words, and no one was prepared on this dark Monday to deal with that."Smathers added that it was like a piece of the town's soul being ripped out, ABC15 reported.CLICK HERE TO GET THE FOX BUSINESS APPFOX Business reached out to both Pactiv Evergreen and Smokey Mountain Local 507 for comment but has not yet received a response. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Century-old NC paper mill that employs 1,100 to abruptly close, mayor says small town's soul being ripped out By: FOX Business March 07, 2023 at 15:01 PM EST A paper mill that has operated in Canton, North Carolina, for over a century announced it will be shutting down, leaving the local community devastated. A paper mill is closing in North Carolina, shocking employees and the local community. Pactiv Evergreen, a product packaging company, announced Monday that the historic plant is shutting down in the coming months.CATERPILLAR WORKERS REACH CONTRACT DEAL AT DEADLINE, AVERTING POSSIBLE STRIKEThe Pactiv Evergreen plant has been operating in Canton, North Carolina for more than a century.Union representatives with Smokey Mountain Local 507 were reportedly called to a meeting with Pactiv Evergreen officials Monday and told about the plans to close the paper mill. FED'S RATE MOVES PUT MANUFACTURING SECTOR AT RISKIt employs 1,100 people and is considered a keystone of the local economy.The words are simply not enough," Canton Mayor Zeb Smathers said, according to local outlet ABC15. "When I was downtown and I saw grown men with tears in their eyes, there are not words, and no one was prepared on this dark Monday to deal with that."Smathers added that it was like a piece of the town's soul being ripped out, ABC15 reported.CLICK HERE TO GET THE FOX BUSINESS APPFOX Business reached out to both Pactiv Evergreen and Smokey Mountain Local 507 for comment but has not yet received a response.