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International Paper and USW Ratify New Contract

Memphis, Tennessee, USA, 03 May 2011 -- /PRNewswire/ -- The United Steelworkers (USW) and International Paper announced today that they have ratified a four-year master agreement contract that covers some 6000 workers.

"The USW is extremely proud of the progress made by our members in the paper sector," said  Leo W. Gerard, USW International president. "Strong leadership and solidarity at each of the locations was vital to reaching this agreement at IP. The success of our local unions here sets a precedent for bargaining in rest of the industry."

"We are pleased that we have reached an agreement that accomplishes International Paper's bargaining objectives and continues to reinforce and build on the positive working relationship we have established over the past several years," said Paul Karre, senior vice president, Human Resources and Communications, International Paper.

The new contract includes wage increases in each year of the agreement, improvements to the pension and 401(k), cost stabilization for health care costs, and employment security.

USW members covered by this contact include those represented by local unions in Augusta, Georgia; Campti, Louisiana; Pensacola, Florida; Courtland, Alabama; Georgetown, South Carolina; Pine Hill, Alabama; Port Hueneme, California; Prattville, Alabama Riegelwood, North Carolina; Savannah, Georgia; Selma, Alabama; Texarkana, Texas; Ticonderoga, New York; Valliant, Oklahoma; and Vicksburg, Mississippi. The USW represents 850,000 workers in the United States and Canada employed in the industries of metals, rubber, chemicals, paper, oil refining, and the service sector. Some 100,000 are employed in the paper and pulp sector. For more information, visit www.usw.org/.

International Paper (NYSE: IP) is a global paper and packaging company with manufacturing operations in North America, Europe, Latin America, Russia, Asia, and North Africa. Its businesses include uncoated papers and industrial and consumer packaging, complemented by xpedx, the company's North American distribution company. Headquartered in Memphis, Tennessee, the company employs about 59,500 people in more than 24 countries and serves customers worldwide. Net sales in 2010 were more than USD 25 billion. For more information about International Paper, its products, and stewardship efforts, visit www.internationalpaper.com.


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