John Dillon

STAMFORD, CT—Only weeks after announcing that 3,000 jobs would be eliminated from its domestic work force, International Paper reported that it would be letting another 655 employees go in a move that coincides with the plan to indefinitely shut down production capacity of 670,000 tons within its containerboard and coated papers businesses. Three paper machines at its Savannah, GA, mill and one at its Hudson River mill in Corinth, NY, will be shut down indefinitely. The shutdowns will result in reductions of approximately 610,000 tons of the company's U.S. containerboard capacity (12 percent) and 60,000 tons of its coated freesheet capacity (7.5 percent). "These are difficult

PURCHASE, NY—International Paper has announced that three mills will be closed and another scaled back to help fulfill plans to reduce production capacity by 1.2 million tons annually in the uncoated paper, market pulp, unbleached Kraft paper and containerboard businesses. Approximately 2,500 employees at the mills and related forestry operations will be impacted by the shutdowns. The affected facilities include mills in Mobile and Courtland, AL; Lock Haven, PA; and Camden, AR. "International Paper's merger and acquisition activities over the past five years have given us the flexibility and low cost capacity that allows us to realign production more efficiently and reduce