International Paper plans to close four facilities across the United States by the end of the third quarter, affecting 330 employees. The closures include a sheet plant in Aurora, Illinois, converting plants in Elk Grove, California, and Barrington, New Jersey, and the preprint operations at a facility in Richwood, Kentucky. The company said the affected employees are 136 in California, 133 in New Jersey, 41 in Illinois, and 20 in Kentucky. International Paper stated these are strategic actions to optimize its network and focus investments on the highest-value opportunities. Impacted employees will receive outplacement assistance, severance, and benefits.
International PaperInternational Paper announces closure of four facilities and layoffs of 330 employees, indicating capacity reduction and operational restructuring.