BRIEF-International Paper To Close 5 Sites In UK

Reuters

2025/05/23

May 23 (Reuters) - International Paper Co IP.N:

UPDATE TO STATED POST-OFFER INTENTION STATEMENTS WITH REGARD TO DS SMITH PLC
CONFIRM A PROPOSAL TO CLOSE FIVE OF ITS PACKAGING SITES IN UNITED KINGDOM
PROPOSES RELOCATION AND OPERATIONAL CHANGES AT UK SITES
PROPOSALS EXPECTED TO AFFECT ABOUT 300 ROLES BY YEAR-END
EXPECTS PROPOSALS WOULD BE IMPLEMENTED BY END OF THIS CALENDAR YEAR AND THAT ABOUT 300 ROLES MAY BE AFFECTED

Source text: ID:nRSW8778Ja

Further company coverage: IP.N

((Reuters.Briefs@thomsonreuters.com;))

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