International Paper to Close Savannah and Riceboro Locations

Why does this matter? The closure of these mills represents a significant economic blow to the Southeast Georgia region, impacting not only the employees and their families but also the broader timber industry. The loss of such a long-standing employer raises concerns about economic stability and future job opportunities in the area.

Background

International Paper, a company with over 100 years of history, is the world's largest pulp and paper company, headquartered in Memphis, Tennessee. Founded in 1898, IP has grown through numerous acquisitions and restructurings to become a major player in the paper and packaging industry.

Reasons for Closure

The decision to close the Savannah and Riceboro mills is attributed to International Paper's strategic shift to sell its global cellulose fibers business. This move is intended to streamline operations and focus on core business areas.

Impact on the Community

The closures have elicited strong reactions from local and state officials:

Historical Context

International Paper has a history of acquisitions and restructuring. It once supplied 60% of the country's newsprint. The company has also faced challenges such as labor strikes and health concerns related to asbestos use in its facilities.

How to Prepare

Who This Affects Most

The closures primarily affect the 1,100 employees of the Savannah and Riceboro mills, their families, and the local communities that rely on the economic activity generated by these facilities. The timber industry in Southeast Georgia will also face challenges due to reduced demand.

International Paper is the world's largest pulp and paper company, producing printer paper, packaging, and pulp.

The closures are part of a strategic shift to sell the global cellulose fibers business and streamline operations.

International Paper will offer severance packages and outplacement assistance. State and local agencies will also provide job fairs and training resources.

The closure of International Paper's Savannah and Riceboro mills signifies a major economic shift in Southeast Georgia. Impacted workers should take advantage of available resources for job placement and skills training. The community must rally to support those affected and attract new businesses to the region.

What are your thoughts on the closure of International Paper's Savannah and Riceboro locations? How do you think this will impact the local economy and the timber industry? Share this article with others who need to stay ahead of this trend!