International Paper announced today it was closing its containerboard mill in Pineville by mid-December, a move that will put about 230 employees out of work. The paper company is also closing mills in Virginia and Oregon, and permanently shutting down an idled Oklahoma mill. Nearly 1,600 employees will lose their jobs from the closings. In a statement, IP officials say they have been affected by the worldwide recession, which has accelerated the drops in demand for paper and containerboard. The move will help the company better meet consumer demand.
International Paper plans to shut down Pineville mill
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