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Private equity opening Ohio plants in MAGA victory (article)
| ...,.....,,,...,..,..,.. | 11/09/25 |
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Date: November 9th, 2025 6:29 PM Author: ...,.....,,,...,..,..,.. Mr. Moreno had held the office for only four months when H.I.G. Capital announced in April that it would be shuttering the paper mill. The announcement not only blindsided the workers, but was a shock to the state’s political leaders, who in recent years have aggressively sought to stanch the bleeding of blue-collar union jobs.
In late July, a job fair had more than 70 businesses with displays set up inside the local college basketball gym. Cornerstone Caregiving. Diamond Power. Stewart Glass. Ohio Department of Corrections. Victoria’s Secret. A sheet metal apprentice program.
Mill employees, some wearing pulp-spattered work boots, walked up and down the aisles of the job fair waiting for a conversation starter. To some it was like speed dating. Hi. What do you do at the mill? What kind of work are you looking for? Here’s a list of the jobs we have available.
As the job fair drew to a close, it became clear that even promising leads likely included a pay cut and required a much longer commute or even relocating.
https://www.nytimes.com/2025/11/09/business/ohio-paper-mill-private-equity.html |