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IP to Permanently Close Arkansas Plant
June 16, 2010 Box Biz
International Paper (IP) says a corrugated container plant in Jonesboro, Ark., will close permanently in the next several weeks, resulting in the loss of 86 jobs, reports the Associated Press.
Officials say most of the Jonesboro business will be consolidated into the Olive Branch, Miss., plant and about 20 jobs will be added there. Jonesboro workers will get to apply for those jobs.
The Jonesboro plant produces corrugated boxes for poultry and industrial companies. The plant began operation in 1982 as Tate Container and was acquired by International Paper in 1999.
Regional general manager Doug Strickel says the loss of five big customers and recent regional economic declines, it has become impossible for the company to remain competitive.
Jonesboro employees will be eligible for severance and outplacement assistance, and will receive 60 days’ pay.
