International Paper closes mills in the USA: more than 1,800 job cuts planned
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In April of this year, International Paper (IP) initiated a transformation process aimed at creating a “stronger and more profitable packaging company”.
In October, the Group began implementing a package of measures aimed at improving the EBITDA result by around US$ 230 million per year from 2026. IP will close several plants in the USA by the end of the year and cut more than 1,800 jobs. In addition, the Group intends to review “strategic options” for the Global Cellulose Fibers (GCF) pulp division. A sale has not been ruled out.
First of all, IP has decided to simplify its corporate structure. According to IP, this will result in the elimination of 650 jobs. In addition, the closure of five packaging plants in “regions with identified overcapacity” is planned. This affects the format plant in San Antonio in Texas as well as the packaging plants in Cleveland/Tennessee, Kansas City/Missouri, Rockford/Illinois and Statesville/North Carolina.
