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IP Shutting Down Paper Machine, Laying Off 50
Nov 14, 2008
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Nov 14, 2008 IP Shutting Down Paper Machine, Laying Off 50 - ---------------------------------------------------------- FRANKLIN, VA—International Paper will permanently shut down its No. 3 uncoated freesheet paper machine here on Nov. 23 due to a decline in demand. The move will reduce IP's annual paper production capacity by 150,000 tons and cost 50 workers their jobs. Additionally, 60,000 tons of lack-of-order downtime will be taken out of the company's U.S. uncoated freesheet mills during the fourth quarter. View more at... http://www.piworld.com/article/ip-shutting-down-paper-machine-laying-off-50-400626_1.html ----------------------------------------------------------
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Companies Mentioned:
International Paper
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