Paper Tiger

| January/February 2000

In what's being called the largest union-led employee buyout in the Southeast, workers have purchased a Canton, North Carolina, paper mill and six other plants from Champion International. The $200 million stock purchase last May, which saved 1,600 jobs at the Canton plant, was backed by a New York investment firm and ratified by a 61 percent vote of union members, according to Southern Exposure (Summer 1999). As part of the deal, which had the support of government and local environmental leaders, the new owners pledged to invest in pollution control equipment designed to meet more stringent air and water quality standards.

Pay Now Save $5!

Utne Summer 2016Want to gain a fresh perspective? Read stories that matter? Feel optimistic about the future? It's all here! Utne Reader offers provocative writing from diverse perspectives, insightful analysis of art and media, down-to-earth news and in-depth coverage of eye-opening issues that affect your life.

Save Even More Money By Paying NOW!

Pay now with a credit card and take advantage of our earth-friendly automatic renewal savings plan. You save an additional $5 and get 4 issues of Utne Reader for only $40.00 (USA only).

Or Bill Me Later and pay just $45 for 4 issues of Utne Reader!

Facebook Instagram Twitter

click me