International Paper, the US-headquartered global packaging giant, has announced the closure of five UK packaging facilities, resulting in approximately 300 job losses. The move is part of a broader strategic review of its UK operations following its recent $7.2 billion acquisition of DS Smith.
The company confirmed it is currently holding consultations with employees and trade unions regarding the planned closures. While specific site locations have not been publicly identified, International Paper expects the restructuring process to be completed by the end of 2025.
Strategic Review Prompts Operational Shifts
In addition to the site closures, the company is considering several operational changes. These include relocating one facility, converting another to a five-day continuous work schedule instead of seven days, and implementing limited redundancies at two additional sites.
These changes aim to streamline International Paper’s footprint in the UK market and align operations with its long-term strategy, which emphasises sustainability, efficiency, and growth.
Recent Acquisition and Market Expansion
The job cuts come shortly after International Paper finalised its acquisition of DS Smith, a leading British packaging and paper company. The merger strengthens the firm’s position in both the North American and EMEA markets.
In 2024, International Paper reported $18.6 billion in net sales. With more than 65,000 employees across over 30 countries, its European, Middle Eastern, and African operations are coordinated from its EMEA headquarters in London.
Dividend Update and US Restructuring
Earlier this month, International Paper declared a quarterly dividend of $0.4625 per share for the second quarter of 2025, scheduled for payment on 13 June 2025 to shareholders on record as of 23 May.
Separately, the company also revealed plans to restructure operations in the US, specifically in the Rio Grande Valley. It will convert its Edinburg sheet plant into a distribution and storage centre as part of a broader service optimisation initiative.
