International Paper layoffs, on the record
Every job cut, severance charge and restructuring International Paper reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 39,000 to approximately 62,602.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 39,000 | As of December 31, 2023 |
| 10-K for 2024 | approximately 37,000 | As of December 31, 2024 |
| 10-K for 2025 | approximately 62,602 | As of December 31, 2025 |
Job cuts, severance and restructuring
Our summaryPermanently closed the containerboard mill in Orange, Texas, and ceased production on two pulp machines at the Riegelwood, North Carolina and Pensacola, Florida mills, following an October 2023 announcement.
Word for word“The mill closure resulted in pre-tax non-cash asset write-off and accelerated depreciation charges of approximately $347 million and pre-tax cash severance and other shutdown charges of approximately $81 million.” 10-K for 2023
Our summaryInitiated a corporate overhead restructuring plan under the 80/20 strategic approach to better align the workforce, optimize organizational structure and reduce operating costs.
Word for word“To that end, the Company initiated a corporate overhead restructuring plan in the third quarter of 2024 aimed at better aligning our workforce with the needs of the business and our customers, optimizing our organizational structure and reducing operating costs.” 10-K for 2024
Our summaryAnnounced a corporate overhead restructuring plan that reduced the workforce by approximately 650 employees, substantially implemented in the fourth quarter of 2024.
Word for word“For example, on October 15, 2024, we announced a corporate overhead restructuring plan to reduce operating costs, optimize organizational structure and better align our workforce with the needs to our customers, pursuant to which we reduced our workforce by approximately 650 employees.” 10-K for 2024
Our summaryAnnounced plan to close the containerboard mill in Campti, Louisiana, with operations expected to cease by March 31, 2025.
Word for word“Finally, in February we announced our plan to close the containerboard mill in Campti, Louisiana with operations expected to cease by March 31, 2025.” 10-K for 2024
Our summaryClosed facilities to structurally reduce operating costs, as part of the 80/20 approach.
Word for word“Additionally, we committed to investing to strengthen our most competitive and strategic assets and closed facilities to structurally reduce operating costs.” 10-K for 2024
Our summaryThe company recorded restructuring and other charges for 2025, covering mill closures and resource and asset realignment.
Word for word“2025 : During 2025 , restructuring and other charges, net, totaling $ 626 million before taxes were recorded.” 10-K for 2025
Our summaryThe company recorded severance and other costs tied to closing its Red River containerboard mill.
Word for word“(a) Includes severance charges of $ 18 million , the majority of which have been paid, inventory charges of $ 26 million and other charges of $ 40 million for the year ended December 31, 2025 .” 10-K for 2025
Our summaryThe company recorded severance, inventory and other charges for closing its Savannah mill.
Word for word“(b) Includes severance charges of $ 30 million , inventory charges of $ 38 million and other charges of $ 57 million for the year ended December 31, 2025 .” 10-K for 2025
Our summaryThe company recorded severance charges of $137 million within its Europe, Middle East and Africa (EMEA) packaging segment as part of a resource and asset realignment.
Word for word“(d) Includes costs of $ 262 million for the year ended December 31, 2025 for PS EMEA.” 10-K for 2025
Our summaryThe company recorded severance costs for resource realignment in its North America packaging segment.
Word for word“(e) Includes costs of $ 59 million for the year ended December 31, 2025 for PS NA.” 10-K for 2025
| Fiscal year ended | Restructuring charges |
|---|---|
| 2016-12-31 | $54 million |
| 2017-12-31 | $67 million |
| 2018-12-31 | $29 million |
| 2019-12-31 | $51 million |
| 2020-12-31 | $195 million |
| 2021-12-31 | $509 million |
| 2022-12-31 | $89 million |
| 2023-12-31 | $65 million |
| 2024-12-31 | $103 million |
| 2025-12-31 | $626 million |
International Paper filed 5 restructuring notices (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from International Paper’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.