WASHINGTON (WBAY) - US Sen. Tammy Baldwin (D-Wisconsin) is seeking more answers after hundreds of workers at Appleton Coated lost their jobs.
The Combined Locks paper mill went into receivership back in August. It was sold to a California liquidation company last month. Industrial Assets is shuttering the mill if it doesn't find another buyer.
Sen. Baldwin wrote a letter this week 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 says, "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."
Her letter includes a series of questions to better understand what led up to the mill's closure.