International Paper to Close Three Mills, Cut 1,600 Jobs

By wmadministrator

International Paper plans to close three of its locations in an effort to better align the company’s products with consumer demand. The facilities affected by the company’s decision include a paper mill and associated operations in Franklin, Va., and containerboard mills in Pineville, La. and Albany, Ore.

Executives with the Memphis-based company said that since the onset of the global recession, the decline in demand for IP’s uncoated freesheet has accelerated, and while the company expects its containerboard and coated paperboard businesses to resume growth as the economy rebounds, demand is not expected to return to 2008 levels in the near future.

The closures will impact about 1,600 employees.

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