Appleton Coated restarting machine, calling back 50 workers

COMBINED LOCKS, Wis. (WBAY) - Outagamie County's Executive says Appleton Coated is restarting one of the machines at its plant in Combined Locks.

Tom Nelson released a statement Wednesday saying 50 workers will be called back to start machine number six at the facility.

"While we are not out of the woods, this is a big step forward. My sincere thanks to the United Steelworkers, Industrial Assets and the Appleton Coated management team for making this possible," Nelson says.

Earlier this year, the paper company laid off hundreds of workers and entered receivership.

In October, the sale of Appleton Coated to Industrial Assets was finalized.

Industrial Assets, a firm which purchases distressed companies, was looking for a buyer of the plant. The liquidation company said the future of the building would likely be in the package grade industry, which has seen growth.

The closure of Appleton Coated raised some concern in Washington.

Sen.Tammy Baldwin (D-Wisconsin) wrote a letter to PNC Bank, questioning why the bank called in its loan and demanded full payment immediately when Appleton Coated had not missed a single loan payment.

Baldwin said, "I am deeply concerned that PNC Bank appears to have recklessly pursued short-term profit at the expense of Appleton Coated, its workers, and their families."



 
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