International Paper announced on October 21, 2024, additional facility closures and layoffs across four U.S. states. These actions are part of the company's ongoing efforts to streamline operations and address market conditions.
The layoffs are scheduled to occur in Illinois, Missouri, North Carolina, and Tennessee by mid-December. These workforce reductions are in addition to the 650 layoffs confirmed last week as part of a corporate overhead restructuring plan.
The company is continuing to optimize its operational footprint to enhance efficiency and profitability. These measures reflect a strategic focus on aligning capacity with demand for its packaging products.
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