Tonernews.com, June 30, 2026. USA
- This topic is empty.
Viewing 1 post (of 1 total)
-
Posts
-
International Paper’s sweeping restructuring continues to accelerate, with the packaging giant announcing new shutdowns and conversions at four U.S. facilities, extending a 20-month cost-cutting campaign that has now impacted more than 5,800 employees worldwide. The latest actions affect plants in California, Illinois, New Jersey, and Kentucky, with approximately 330 additional workers losing their jobs as the company streamlines operations and shifts production to larger, more efficient facilities. The announcement follows Tonernews.com‘s November 16, 2025 report, “International Paper Shuts Down 5 Locations, Impacting 500 Jobs,” highlighting that the latest cuts are part of an ongoing strategy rather than an isolated event. Since late 2024, International Paper has repeatedly closed mills and packaging plants while pursuing aggressive cost reductions following its acquisition of DS Smith, making it one of the largest restructuring efforts in the global paper and packaging industry. (packagingdive.com)
Viewing 1 post (of 1 total)
- You must be logged in to reply to this topic.