Tuesday, January 22, 2013

IP Plans Lay Offs with PM Close

Dozens of layoffs coming to International Paper:
International Paper announced on Tuesday it will be shutting down its No. 2 coated paperboard machine in its Augusta, GA mill by the end of February, taking dozens of jobs with it.
The company announced that approximately 75 positions are expected to be impacted at the mill as a result of this decision. The company says it will provide severance and outplacement assistance to affected employees.
The Augusta Mill will continue to employ more than 700 people, but they say they need to close this part of the plant to help balance production with demand.