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GEORGETOWN, S.C. (WCBD) – International Paper has announced the permanent closing of its Georgetown Pulp and Paper Mill, expected to impact 600-700 workers. Officials say the mill will shut down ...
In 2006, International Paper sold the plant to Verso Holdings, LLC, and 1,000 people worked in the mill at that time. In 2015, Verso laid off 300 workers. A year later, it filed for bankruptcy. In 2017, it laid off an additional 300 people and idled a machine. In April 2020, a wood pulp digester exploded, destroying the mill's pulp machines. [3]
The International Paper strike was a strike begun in 1987 by paper mill workers affiliated with the United Paperworkers' International Union (UPIU) at a number of plants in the United States owned by the International Paper (IP) company. The strike extended into 1988 and the company hired permanent replacements for workers.
The company was formed in August 2006 when Apollo Global Management purchased the coated and supercalendered paper business from International Paper. [2] [3] In April 2008, Verso conducted an initial public offering and was listed on the New York Stock Exchange. [4] In January 2015, Verso completed its acquisition of NewPage Holdings. [5]
See all the federal government shutdowns since 1981 in one chart. The last government shutdown was the longest in more than 40 years. Here are all the recent shutdowns in one chart.
If that shutdown rate continued through this January, roughly another 150 have closed since. Which means nearly 3,000 newspapers, one-fourth of all U.S. newspapers, have closed since 2005.
The International Paper strike was a strike begun in 1987 by paper mill workers affiliated with the United Paperworkers' International Union (UPIU) at a number of plants in the United States owned by the International Paper (IP) company. The strike extended into 1988 and the company hired permanent replacements for workers.
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