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WestRock To Close Corrugated Medium Operations At St. Paul, Minnesota Facility, Says Approximately 130 Jobs Will Be Eliminated By This Closure
WestRock To Close Corrugated Medium Operations At St. Paul, Minnesota Facility, Says Approximately 130 Jobs Will Be Eliminated By This Closure
WestRock Company (NYSE:WRK) today announced it will permanently close the corrugated medium manufacturing operations at its St. Paul, Minnesota, recycled paper mill. The production of coated recycled board at this location will remain in operation.
WestRock is committed to improving its return on invested capital as well as maximizing the performance of its assets, and the corrugated medium machinery at the St. Paul location would require significant capital investment to maintain and improve going forward. The shutdown of these assets will result in the reduction of 200,000 tons of annual corrugated medium production.
"Shutting down operations and impacting the lives of our employees is a difficult decision to make," said David B. Sewell, chief executive officer at WestRock. "As we implement our plans to close the corrugated medium operations in St. Paul, we are incredibly appreciative for the many contributions this team has made. We plan to assist these team members in exploring roles at other WestRock locations and with outplacement services."
Approximately 130 jobs will be eliminated by this closure. Employees of WestRock's St. Paul location will receive severance and outplacement assistance in accordance with Company policy and labor union agreements.
WestRock Company (NYSE:WRK) today announced it will permanently close the corrugated medium manufacturing operations at its St. Paul, Minnesota, recycled paper mill. The production of coated recycled board at this location will remain in operation.
西岩公司(纽约证券交易所股票代码:WRK)今天宣布,将永久关闭其位于明尼苏达州圣保罗的再生纸厂的瓦楞原纸制造业务。这个地点的涂布再生板的生产将继续运营。
WestRock is committed to improving its return on invested capital as well as maximizing the performance of its assets, and the corrugated medium machinery at the St. Paul location would require significant capital investment to maintain and improve going forward. The shutdown of these assets will result in the reduction of 200,000 tons of annual corrugated medium production.
WestRock致力于提高其投资资本回报率,并最大限度地提高其资产的表现,而圣保罗地点的瓦楞纸板机械将需要大量资本投资来维护和改进未来。这些资产的关闭将导致瓦楞原纸年产量减少20万吨。
"Shutting down operations and impacting the lives of our employees is a difficult decision to make," said David B. Sewell, chief executive officer at WestRock. "As we implement our plans to close the corrugated medium operations in St. Paul, we are incredibly appreciative for the many contributions this team has made. We plan to assist these team members in exploring roles at other WestRock locations and with outplacement services."
西岩的首席执行官大卫·B·休厄尔说,“关闭业务并影响员工的生活是一个很难做出的决定。”随着我们执行关闭圣保罗瓦楞纸板厂的计划,我们非常感谢这个团队做出的许多贡献。我们计划帮助这些团队成员探索在WestRock其他地点的角色和再就业服务。
Approximately 130 jobs will be eliminated by this closure. Employees of WestRock's St. Paul location will receive severance and outplacement assistance in accordance with Company policy and labor union agreements.
这次关闭将减少大约130个工作岗位。根据公司政策和工会协议,WestRock圣保罗办事处的员工将获得遣散费和再就业援助。
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moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Moomoo Securities Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd., Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc.,和Moomoo Securities Malaysia Sdn. Bhd.是关联公司。
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