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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.
西巖公司(紐約證券交易所股票代碼:WRK)今天宣佈,將永久關閉其位於明尼蘇達州聖保羅的再生紙廠的瓦楞原紙製造業務。這個地點的塗布再生板的生產將繼續運營。
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致力於提高其投資資本回報率,並最大限度地提高其資產的表現,而聖保羅地點的瓦楞紙板機械將需要大量資本投資來維護和改進未來。這些資產的關閉將導致瓦楞原紙年產量減少20萬噸。
"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."
西巖的首席執行官大衞·B·休厄爾説,“關閉業務並影響員工的生活是一個很難做出的決定。”隨着我們執行關閉聖保羅瓦楞紙板廠的計劃,我們非常感謝這個團隊做出的許多貢獻。我們計劃幫助這些團隊成員探索在WestRock其他地點的角色和再就業服務。
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.
這次關閉將減少大約130個工作崗位。根據公司政策和工會協議,WestRock聖保羅辦事處的員工將獲得遣散費和再就業援助。
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moomoo是Moomoo Technologies Inc.公司提供的金融資訊和交易應用程式。
在美國,moomoo上的投資產品和服務由Moomoo Financial Inc.提供,一家受美國證券交易委員會(SEC)監管的持牌主體。 Moomoo Financial Inc.是金融業監管局(FINRA)和證券投資者保護公司(SIPC)的成員。
在新加坡,moomoo上的投資產品和服務是通過Moomoo Financial Singapore Pte. Ltd.提供,該公司受新加坡金融管理局(MAS)監管(牌照號碼︰CMS101000) ,持有資本市場服務牌照 (CMS) ,持有財務顧問豁免(Exempt Financial Adviser)資質。本內容未經新加坡金融管理局的審查。
在澳大利亞,moomoo上的金融產品和服務是通過Futu Securities (Australia) Ltd提供,該公司是受澳大利亞證券和投資委員會(ASIC)監管的澳大利亞金融服務許可機構(AFSL No. 224663)。請閱讀並理解我們的《金融服務指南》、《條款與條件》、《隱私政策》和其他披露文件,這些文件可在我們的網站 https://www.moomoo.com/au中獲取。
在加拿大,透過moomoo應用程式提供的僅限訂單執行的券商服務由Moomoo Financial Canada Inc.提供,並受加拿大投資監管機構(CIRO)監管。
在馬來西亞,moomoo上的投資產品和服務是透過Moomoo Securities Malaysia Sdn. Bhd. 提供,該公司受馬來西亞證券監督委員會(SC)監管(牌照號碼︰eCMSL/A0397/2024) ,持有資本市場服務牌照 (CMSL) 。本內容未經馬來西亞證券監督委員會的審查。
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., 是關聯公司。
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