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Displaying Articles 1 - 25 of 186
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Enviva announces Restructuring Agreements amid Chapter 11 proceedings

Enviva Inc., a producer of wood-based biomass, disclosed the execution of two Restructuring Support Agreements (RSAs) with its creditors, aiming to reduce its debt by approximately $1 billion.

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Huhtamaki to close two production sites in China, 154 employees affected

Huhtamaki is planning to consolidate the production footprint in China in the Fiber Foodservice Europe-Asia-Oceania segment and will close its production sites in Tianjin and Shanghai by the end of Q2 2024.

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Amcor Announces Major Job Cuts and Restructuring

Amcor, a global leader in consumer packaging, has announced a major restructuring plan in response to a significant drop in consumer demand. The company has slashed 2,000 jobs, which equates to 5% of its worldwide workforce, and is in the throes of shutting down nearly 10 factories across the globe.

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GreenFirst Announces Completion of Operational Decentralization and New Paper Mill CEO

GreenFirst Forest Products Inc. is pleased to announce that it has successfully completed the previously announced decentralization of its lumber mill and paper mill operations.

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Mativ to Save $40M Through Business Reorganization, Layoffs

Mativ is putting in place a restructuring plan to reduce costs by $40 million by the end of 2026 as it reorganizes its business structure and lays off senior employees.

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Södra Wood is changing its industrial structure to further strengthen competitiveness

To maintain its strong position and develop an even more competitive industrial structure over time, Södra Wood is consolidating its sawn timber operations. The aim is to achieve economies of scale by relocating production volumes to Södra Wood's larger production units.

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Boise Cascade to curtail lumber production in Chapman, Alabama

Boise Cascade announced an indefinite curtailment of its lumber production in Chapman, AL. The curtailment will affect approximately 80 positions. The plywood operations at the Chapman location are not part of the curtailment.

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Metsä Fibre to start demolition of old pulp mill in Kemi, Finland

The actual demolition will start in early 2024 and the project will run until 2025.

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Rayonier Announces Initiatives to Enhance Shareholder Value

Targeting $1 billion of select asset sales over the next 18 months.

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Graphic Packaging to permanently remove K3 CRB machine at Kalamazoo mill in Michigan

The K3 machine is one of three CRB machines at the Kalamazoo facility and is the company's longest-running machine. K3 ceased operation on July 1 and this announcement reflects the decision to permanently shut down the 125,000-tons per annum machine.

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Sappi set to close Stockstadt mill in Germany, starts consultations on Lanaken, Belgium mill closure

Sappi Europe completed a consultation process on the closure of Stockstadt mill in Germany and agreed on the social plan for the employees. In addition, an agreement has been signed for the sale of the site. The closure of the site should be completed during the first calendar quarter of 2024. Once all closure elements are taken into account, the impact is expected to be cash neutral.

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Billerud introduces new regional organization for Europe and appoints acting CFO

Billerud is introducing a new organization whereby the company harmonizes and operates its business in two distinct geographical regions - Europe and North America. Billerud further appoints Andrei Krés as acting CFO, effective immediately.

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Stora Enso reports progress with restructuring actions to improve long-term competitiveness and profitability

These actions would reduce the number of employees by approximately 1,150. The parts of the change negotiations completed so far, will result in a reduction of 710 employees.

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The Paper Excellence Group Announces Renewed Business Unit Structure

The Paper Excellence Group (Paper Excellence) announced its updated organizational structure for its business units following the recent acquisitions of Resolute Forest Products in March 2023 and Domtar in November 2021.

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Billerud aims to streamline Wisconsin operations. What could that mean for the Rapids mill?

The paper mill currently owned by Billerud Wisconsin has been idle since Verso shut down operations in 2020, although converting operations have continued on-site.

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Greif Industries to close its Rock Hill, S.C. site this fall

The Rock Hill facility manufactures recycled paperboard tubes. The location was one of 80-plus Caraustar facilities Greif acquired in the U.S. in a $1.8 billion deal in 2019.

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Lecta to cease coated woodfree paper production at Condat mill in France

Lecta announced a project to cease the activity on PM4 at its​ Condat mill in France which produces coated woodfree paper (CWF) due to the strong decline in the graphic paper market. A reorganisation project was announced to the employee representatives on which they will be consulted.

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Huhtamäki to Close One of Two Facilities in Czech Republic

The decision affects all 198 employees in the site.

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Stora Enso completes negotiations at Anjalankoski production unit concerning the closure of one paper line

The closure will take place during the fourth quarter of 2023 and affect 89 people, of whom 50 will be made redundant.

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Stora Enso to restructure, cut 1,150 jobs

Stora Enso has announced further restructuring plans that will result in layoffs of a total of 1,150 its employees.

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UPM Plywood is planning to restructure its organization and scale its operations

UPM Plywood is planning to restructure its organization and scale its operations to meet the reduced production capacity and the deteriorating market situation. The company will begin employee negotiations involving 262 salaried employees in the staff and global functions, in the sales offices and in the Finnish mills.

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Stora Enso to close down paper machine at Anjala production unit in Finland

Stora Enso plans to consolidate its book paper production and permanently close one of the two paper machines at Anjala in Finland. The Group will start change negotiations concerning all employees at the integrated Anjalankoski site.

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Tolko's Kamloops mill will reduce shifts

The changes take effect starting in April.

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UPM plans capacity reduction in Schongau and accelerates its exit plan in Steyrermühl

UPM plans to adapt its uncoated publication paper capacity to a long-term profitable customer demand. The capacity reductions are planned to take place in Germany and Austria.

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$700K in property tax refunds due after N.B. retracts assessment increases on 2 forestry mills

J.D. Irving Ltd. and Twin Rivers Paper Company have 2021 and 2022 assessments cut on two mills.

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Displaying Articles 1 - 25 of 186
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