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Stock impact report

'Shock' for paper firm staff amid closure proposal [Yahoo! Finance]

International Paper Company (IP) 
Last international paper company earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: internationalpaper.com/performance
Company Research Source: Yahoo! Finance
International paper firm DS Smith has confirmed a "proposal had been made" to close its factory on Link Road in Launceston, North Cornwall. It said this followed a "review of UK packaging operations" amid "tough trading conditions". Adrian Parsons, Liberal Democrat councillor in the area, said: "I'm hearing shock and disappointment from staff - they are worried about losing their jobs and about the future." 'Enormous disappointment' The firm first opened as Tillotson's in 1968 and has since been through a series of takeovers, most recently by US business International Paper, which acquired the operation in January 2025. Parsons, member for Altarnun and Stoke, added: "I have friends from school who have been there all their lives for a responsible employer which always paid well and had good working hours. "It's a surprise but also an enormous disappointment that things have played out as they have." DS Smith said: "To improve efficiencies across our business and to ensu Show less Read more
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