MEMPHIS, Tenn. — Memphis-based International Paper is eliminating more than 1,000 jobs as part of a restructuring of its packaging business.
The company plans to close its Savannah, Ga. containerboard mill, the Savannah, Ga. packaging facility, Riceboro containerboard mill and Riceboro Timber and Lumber.
International Paper plans to spend $250 million to shift some of its production of containerboard to the Riverdale mill in Selma, Ala…