Verso Corp., which operates a mill in Jay, is consolidating its administrative offices and restructuring the paper company into two divisions as it continues to seek ways to trim costs.
The company intends to consolidate its corporate offices in Miamisburg, Ohio, the site of its former rival NewPages headquarters, early in 2017. Verso acquired NewPage in January 2015.
It also said it would reorganize its network of seven mills into two divisions: one for graphic paper and the other for specialty paper.
Memphis-based Verso has been seeking to reduce expenses since it emerged from bankruptcy in July. Two weeks ago it announced it would layoff about 190 of its 580-person workforce at the Androscoggin mill in Jay as it temporarily idle…
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