PARK FALLS, Wis. (WSAW) -- According to the Wisconsin Department of Workforce Development, Flambeau River Papers has notified them that it plans to reduce its workforce by a total of 65 workers. That's expected to happen on or before July 8.
A spokesman for Flambeau River Papers in Park Falls announced last week the paper company is seeking a buyer.
“A receiver will be appointed under Chapter 128,” a news release stated.
Chapter 128 is a voluntary debt consolidation plan through the Wisconsin Circuit Court system.
“The receiver is authorized to continue to run the business and intends to do so while seeking the customary relief offered under this statute.”
The Ashland Daily Press reported in January, 82 positions were terminated.
Spokesman, Aaron Johnson stated, “This is a difficult time for FRP family and we commend everyone for their efforts as we continue to position ourselves for a successful sale process”.
He says current employees will remain for 60 days to insure there is no interruption in supply. He says that also gives them time to seek new employment.
“A smaller, but more focused FRP should enhance our ability to find the right buyer,” Johnson ended.