Verso Paper Corporation, owner of the paper mill in Bucksport, announced Tuesday, Oct. 11 that it will permanently shutdown one of its papermaking machines there later this month.

The move is expected to result in a loss of about 125 jobs, according to a news release from the company.

Verso also announced Tuesday it will additionally be shutting down two papermaking machines at its mill in Sartell, Minn., effective Dec. 14. That move is expected to result in the loss of about 175 jobs at that facility.

Company President and CEO Mike Jackson said demand for the coated groundwood papers produced at the Bucksport mill “continues to face headwinds.”

“This [decision] is consistent with our continuing commitment to match supply with customer demand,” said Jackson, in the news release.

Jackson offered his “sincere gratitude” to all the affected employees for their years of service and hard work.

“The decision to permanently reduce production at Bucksport and Sartell was difficult and we are mindful of the impact it will have on the affected employees and their families,” said Jackson, in the news release.

The shutdown of the machine at the Bucksport mill is set to take effect Sunday, Oct. 23. In early 2010, the company reported a workforce of about 760 people at the Bucksport mill, with about 180 of those workers — or approximately 23.5 percent — living in Waldo County.

Verso, based in Memphis, Tenn., describes itself as a leading North American producer of coated papers.

“Verso’s paper products are used primarily in media and marketing applications, including magazines, catalogs and commercial printing applications such as high-end advertising brochures, annual reports and direct-mail advertising,” according to information in Tuesday’s news release.

Senators Olympia Snowe and Susan Collins both issued statements Tuesday expressing their concern about the news and pledging their support for the workers who will be affected by the upcoming shutdown.

“It is troubling that more than 100 of its dedicated workers, who are losing their jobs through no fault of their own, are now left wondering what will happen and worried about their future,” said Collins, in the press release issued by her office.

Both Snowe and Collins cited the dominant presence of the mill in the local economy, with Collins calling it an “economic anchor for the Bucksport area,” and Snowe describing it as a “cornerstone” of the region’s economy.