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.