International Paper (IP) announced the closure of its packaging facilities in Compton, California and Louisville, Kentucky. The facilities will cease operations by January 2026. All customers will be serviced from other nearby locations. The Compton facility closure will impact 125 employees, while the Louisville facility closure will impact 93 employees. The company will work to minimize the impact on employees by using attrition, retirements and current vacancies at other International Paper locations. Team members at these locations will receive outplacement assistance, access to mental health support resources and severance benefits.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IP:
- International Paper Announces Site Closures in Germany Amid Strategic Transformation
- International Paper Releases Q3 2025 Financial Report Post DS Smith Acquisition
- International Paper Executives Acquire Shares Through Savings Plans
- International Paper price target lowered to $46 from $55 at Citi
- International Paper’s Earnings Call Highlights Transformation Progress
