International Paper has announced plans to close five of its UK sites, jeopardizing around 300 jobs. This decision follows the company's acquisition of DS Smith and is influenced by difficult market conditions. The firm aims to enhance efficiency and respond better to customer demands in a challenging trading environment. Specific site locations for closure are yet to be disclosed. Alongside the closures, the company will relocate one site and adjust operational schedules at others. Discussions with employees and unions are ongoing to navigate these changes.
International Paper's decision to close five UK sites underscores the challenging market conditions, placing approximately 300 jobs at risk and highlighting the need for operational efficiency.
Consultations with employees and unions are currently underway as International Paper seeks to adapt its operations amidst tough trading environments and evolving customer demands.
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