IP to Cut 3,000+ Jobs in EMEA Overhaul, Targeting $210M+ Savings
IP sits 40% above its 52-week low of $29.26.
Summary
International Paper is launching a major EMEA restructuring, cutting over 3,000 roles across 31 sites and a central office to achieve more than $210 million in run-rate savings. The company is also pursuing a separation of its EMEA packaging business, signaling a strategic pivot away from the region. This follows a Q2 sales miss and soft EMEA volume reported just two days ago, making the cost actions a direct response to underperformance. Deutsche Bank upgraded the stock to Buy with a $50 target, and RBC maintained Outperform with a $52 target, reflecting analyst confidence that the restructuring will improve margins. The scale of the cuts and the business separation plan represent a material shift in IP's European footprint.
At the time of this announcement, IP was trading at $40.84 on NYSE in the Manufacturing sector, with a market capitalization of approximately $21.6B. The 52-week trading range was $29.26 to $52.28. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.