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Stock impact report

PCA closing full-line plant in Richmond, Virginia [Yahoo! Finance]

Packaging Corporation of America (PKG) 
Last packaging corporation of america earnings: 4/27 05:00 pm Check Earnings Report
US:NYSE Investor Relations: packagingcorp.com
Company Research Source: Yahoo! Finance
Packaging Corporation of America is closing a converting plant in Richmond, Virginia , impacting 110 employees come June. The Lake Forest, Illinois-based containerboard specialist says it will work with state and local government officials in Virginia on dislocated worker assistance, and help affected employees who may be interested in transferring to other PCA locations, according to a Worker Adjustment and Retraining Notification letter to the state on March 31. Mark Romaniuk, deputy general counsel for PCA, called the closure “a difficult business decision.” PCA said that hourly production and maintenance employees are represented by the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers Internationl Union. PCA also noted in the letter that a nearby satellite warehouse in North Chesterfield, Virginia, has six employees. “PCA intends to continue operating the warehouse and will engage in discussions with USW regarding ongoin Show less Read more
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