International Paper cuts 674 jobs amid strategic review of global ...

Oct 31, 2024 · International Paper cuts 674 jobs amid strategic review of global cellulose fibers ... International Paper on Thursday announced it will permanently close its pulp and paper mill in …

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International Paper Announces Closure Of Mill With Loss Of 674 Jobs

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Oct 31, 2024 · The closing was announced along with a review of “strategic options” for IP’s $2.9 billion global cellulose fibers business, which has eight mills in three countries. It produces …

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International Paper Explores Options For Global Cellulose Fibers ...

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Oct 31, 2024 · International Paper announced the launch of a strategic review for its global cellulose fibers (GCF) division, which generated $2.9 billion in revenue in 2023, while …

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International Paper's Q3 Earnings Surge And GCF Review Insights

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Oct 31, 2024 · In contrast, the Global Cellulose Fibers (GCF) segment showed resilience, with profits rising to $40 million, driven by increased fluff pulp sales and lower downtime costs. In a …

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FAQs about International Paper cuts 674 jobs amid strategic review of global ... Coupon?

How many jobs will International Paper have in 2024?

On Oct. 1, the company also submitted a WARN notice in San Antonio, Texas, for 89 jobs, effective on Nov. 18, 2024. Those layoffs are for a sheet feeder facility. With the announced layoffs, International Paper will be at around 1,700 jobs in Memphis. ...

Who is International Paper?

International Paper is a global producer of sustainable packaging, pulp and other fiber-based products, and one of the world's largest recyclers. Headquartered in Memphis, Tennessee, IP serves customers worldwide, with manufacturing operations in North America, Europe, Latin America and North Africa. SOURCE: International Paper ...

Does International Paper still produce fluff pulp?

The mill produces approximately 300,000 tons of fluff pulp, that byproduct will be retained for International Paper's global cellulose fiber industry use, according to a news release. The Georgetown closure news comes a few weeks after International Paper announced plans to lay off 650 employees, including 400 in Memphis. ...

What benefits does International Paper offer?

All employees will be offered severance benefits, outplacement services and access to mental health resources. International Paper is a global producer of sustainable packaging, pulp and other fiber-based products, and one of the world's largest recyclers. ...

Did International Paper lay off 650 employees in Memphis?

The Georgetown closure news comes a few weeks after International Paper announced plans to lay off 650 employees, including 400 in Memphis. MEMPHIS BUSINESS NEWS: FedEx opens new sorting facility at Memphis World Hub: Here's a look inside ...

What happened to International Paper & DS Smith?

The wave of layoffs comes as International Paper is nearing completion of its acquisition of London-based DS Smith. DS Smith is considered a leading provider of sustainable fiber-based packaging worldwide. It operates in 34 countries and employs around 30,000 people. ...