A Michigan paper company has announced plans to shut down a paper mill in Michigan's Upper Peninsula that has nearly 150 employees, the Associated Press reported today. FutureMark Manistique confirmed that the mill will close on or around March 24. The company says that this was an "extremely difficult decision" following efforts at the Manistique mill since it emerged from bankruptcy in 2012. The mill said it will fulfill as many immediate orders as possible, and a transition team will remain on site to shut down the mill.