{"id":7279,"date":"2025-05-26T05:26:04","date_gmt":"2025-05-26T09:26:04","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=7279"},"modified":"2025-05-26T05:26:04","modified_gmt":"2025-05-26T09:26:04","slug":"international-paper-announces-uk-site-closures-and-job-cuts","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=7279","title":{"rendered":"International Paper announces UK site closures and job cuts"},"content":{"rendered":"


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International Paper anticipates that the changes will be finalised by the end of the year. Credit: Jonathan Weiss\/Shutterstock.<\/figcaption><\/figure>\n<\/p><\/div>\n

International Paper, a US-based sustainable packaging solutions provider, has announced the closure of five of its UK packaging sites, leading to a loss of around 300 jobs, reported Reuters<\/a>.<\/p>\n

The company, which recently completed a $7.2bn acquisition<\/a> of British paper and packaging company DS Smith, is currently undergoing a consultation process with employees and unions.<\/p>\n

The closures are part of a strategic review of International Paper\u2019s UK operations.<\/p>\n

The company is also considering relocating one site, transitioning another to a five-day continuous operation from a seven-day schedule, and implementing a small number of redundancies at two additional packaging locations.<\/p>\n

Specific details about which UK sites are affected have not been disclosed.<\/p>\n

International Paper anticipates that these changes will be finalised by the end of the year.<\/p>\n

\u00a0Earlier in the month, the company announced a quarterly dividend of $0.4625 per share for the period from 1 April to 30 June 2025, to be paid on 13 June 2025 to shareholders on record as of 23 May 2025.<\/p>\n

Headquartered in Memphis, Tennessee, International Paper employs over 65,000 individuals globally and operates in more than 30 countries. The company\u2019s EMEA headquarters are located in London.<\/p>\n

The company\u2019s net sales in 2024 reached $18.6bn. The acquisition of the UK competitor DS Smith in 2025 has positioned International Paper as a frontrunner in the North American and EMEA packaging markets.<\/p>\n

Earlier in the month, International Paper announced its intention to restructure its activities<\/a> within the Rio Grande Valley area, aiming to enhance service to its customers. As a component of its strategic growth initiative, the firm will repurpose its sheet plant located in Edinburg, US, converting it into a storage and distribution centre.<\/p>\n

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