From Yahoo Finance: 2025-05-24 00:38:00

International Paper Company (IP) is closing five UK facilities, risking 300 jobs due to challenging business conditions after acquiring DS Smith for £5.8 billion. The move is part of a strategy to improve efficiency and meet customer demands. The specific locations have not been named yet, but the company plans to relocate one facility, reduce operations at another, and make staff cuts at two more sites. About 300 positions will be affected by the end of the year. IP is currently in discussions with employees and trade unions. The stock has risen nearly 5% in the past year.



Read more at Yahoo Finance: International Paper Company (IP) to Shut Down Five UK Locations, Cut 300 Jobs