Location: Memphis, Tennessee, USA.
Based on news reporting.
International Paper Company has announced the shutdown of its facilities in Memphis, resulting in the layoff of 330 employees. This decision reflects the company's ongoing restructuring efforts aimed at improving operational efficiency. The layoffs are part of a broader strategy to streamline operations and respond to market demands. The company has not specified a timeline for the shutdown but indicated that the layoffs will take effect immediately. This move underscores the challenges faced by the company in the current economic climate.
International Paper Company cut 330 jobs as of October 1, 2023.
That is roughly 0.8% 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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