International Paper to cut 1,000 to 1,500 jobs

Posted: 12.12.2008 at 4:48 PM

Read more: National, Economy, Job Cuts, International Paper Co, Louisiana, Paper Products

MEMPHIS, TENN. -- International Paper Co. says it will cut 1,000 to 1,500 salaried jobs by the end of next year as the "next step" in its cost-cutting strategy.

The company said in a filing Friday that it told employees of the cuts.

Last month, International Paper announced it would shut down a pulp mill in Louisiana and close a paper production machine at a mill in Virginia because of a continuing slump in demand for paper products.

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