SHUTDOWN & RESTRUCTURING: INTERNATIONAL PAPER PLANS INDEFINITE SHUTDOWN OF FOUR PAPER MACHINES; RESTRUCTURES FOREST RESOURCES BUSINESS
August 6, 2001 By Pulp & Paper Canada
STAMFORD, CT – International Paper today announced plans to indefinitely shut down production capacity of 670 000 t…
STAMFORD, CT – International Paper today announced plans to indefinitely shut down production capacity of 670 000 tons within its containerboard and coated papers businesses. Three paper machines at the company’s Savannah, GA, mill and one at its Hudson River mill in Corinth, NY, will be indefinitely shutdown.
The machine shutdowns will result in reductions of approximately 610 000 tons of the company’s U.S. containerboard capacity (12%) and 60 000 tons of its coated freesheet capacity (7.5%). Following these shutdowns, International Paper will have approximately 4.3 million tons of U.S. containerboard capacity and 0.7 million tons of U.S. coated freesheet capacity.
In addition, the company’s Forest Resources business, headquartered in Savannah, GA, today announced an internal reorganization which will affect 140 jobs and will include consolidation of the company’s five regional forestry operations into three, in Jackson, MS, Georgetown, SC, and Augusta, ME.
A total of 655 jobs will be eliminated as a result of these actions, in addition to the previously announced plans to eliminate 3,000 salaried positions within the company’s US workforce
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