Packaging firm International Paper to close four US plants, cut 1% of global jobs
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International Paper is closing four U.S. plants and cutting 1% of its global workforce due to decreased demand for packaging products from e-commerce and consumer goods sectors.
February 13, 2025 | 4:45 pm
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NEGATIVE IMPACT
International Paper is closing four U.S. plants and reducing its workforce by 1% due to lower demand for packaging products.
The closure of four plants and workforce reduction indicates a significant operational change due to decreased demand, likely leading to a negative short-term impact on IP's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100