International Paper Announces Closure of Riceboro and Savannah Facilities, Offers Support to Employees

International Paper Announces Closure of Riceboro and Savannah Facilities, Offers Support to Employees

International Paper has announced the closure of the Riceboro containerboard mill and Riceboro Timber and Lumber, as well as the Savannah containerboard mill and Savannah packaging facility. These closures will impact around 1,100 employees, who will be offered severance packages and outplacement assistance to help them during this transition. The company's executive vice president emphasized the commitment to supporting employees and customers through this challenging period. The decisions are aimed at positioning International Paper for long-term success and focusing on areas where the company can create the most value. The investment in the Riverdale mill underscores the dedication to providing high-quality service and strengthening cost competitiveness.