Location: South Jersey, USA.
Based on news reporting.
International Paper Company is closing its South Jersey plant, resulting in the layoff of 126 employees. The decision to shut down the facility is part of the company's ongoing efforts to streamline operations and reduce costs. This closure reflects broader challenges faced by the company in maintaining profitability amid changing market conditions. The layoffs are effective immediately, impacting workers at the plant. This move is expected to help the company focus on its core business areas and improve overall efficiency.
International Paper Company cut 126 jobs as of October 1, 2023.
That is roughly 0.3% of the 39,000 people International Paper Company employs.
LayoffTalk has tracked 44 layoff events at International Paper Company since October 2023, affecting a combined 9,679 employees.
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