A sweeping series of initiatives will see Georgia-Pacific slash 850 jobs in North America.
A sweeping series of initiatives will see Georgia-Pacific slash 850 jobs in North America.
The company is preparing to idle four tissue paper machines that together feed the market 140,000 tonnes a year, and approximately 70 converting lines.
An additional 250 jobs will be lost in Europe when the company scales back its international consumer products business.
In North America, the company’s mill in Green Bay, WI will absorb the majority of the job losses. The facility’s operations will be moved to a new product mix centre in the Green Bay area.
The company is expecting to rack up roughly $106 million in net charges as a result of these initiatives over the course of the next two years, with approximately $42 million to be posted in the third quarter of 2005. Of the total, GP foresees $21 million will be incurred due to employee related costs.
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