Paper is another thing in less demand in a weaker economy. Boise Inc announces some capacity reduction.
BOISE, Idaho, Nov. 17 /PRNewswire-FirstCall/ -- Boise Inc. (NYSE: BZ - News), a leading manufacturer of packaging products and communications papers, announced today that it will restructure its paper mill in St. Helens, Oregon, permanently halting pulp production at the plant and reducing annual paper production capacity by 200,000 tons.
The permanent capacity reductions will result in a loss of approximately 300 jobs at the St. Helens mill and 25 jobs in related sales, marketing, and logistics functions elsewhere in the company. Eligible salaried employees will be offered severance packages and outplacement assistance. Closure agreement negotiations will be scheduled with the AWPPW Local 1 to determine the impact for union employees.
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