Location: Tennessee, USA.
Department affected: manufacturing.
Based on news reporting.
International Paper Company has announced the layoff of approximately 1,500 employees as part of a restructuring plan that includes mill closures in Tennessee. The decision comes as the company aims to streamline operations and respond to changing market conditions. The layoffs are expected to take effect immediately, impacting various roles within the organization. This move is part of a broader strategy to enhance efficiency and reduce costs amid declining demand for certain products. The company has stated that these changes are necessary to maintain competitiveness in the industry.
International Paper Company cut 1,500 jobs affecting its manufacturing team as of October 1, 2023.
That is roughly 3.8% 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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