International Paper Closure Includes Severance, Benefits for Workers

Category: Markets

Published: 2026-07-16T13:15:30.000Z

International Paper (NYSE: IP) announced it will close its Carrollton South packaging facility in Carrollton, Texas, by the end of Q3 2026. This decision is part of the company's strategy to align its North America packaging network with customer demand and enhance long-term competitiveness. Affected employees will receive severance, benefits, and outplacement support, while customers will be served by other regional International Paper facilities.

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