|
|
Article: Weyerhaeuser Closes North Carolina Containerboard Machine.
- Article from:
- Business Wire
- Article date:
- May 8, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Business Editors
FEDERAL WAY, Wash.--(BUSINESS WIRE)--May 8, 2002
Weyerhaeuser Company (NYSE:WY) today announced that it is permanently closing its medium containerboard machine at Plymouth, North Carolina effective immediately.
The machine, idle since June due to market conditions, has the capacity to produce 215,000 tons per year.
The closure affects 146 positions, 109 of which have already been eliminated through attrition. The company plans to reassign most, if not all of the remaining 37 impacted employees to other positions at the mill.
The decision to close the machine is part of a larger company effort to continually ...