P.M. BRIEFING : Paper Firm Closing Plant in Pa.
Georgia-Pacific Corp. said today it is closing its paper plant in Reading, Pa., a move that will put 100 people out of work.
The Atlanta-based company said that the plant is no longer profitable and that cost reduction measures and production changes implemented earlier this year failed to turn things around.
Georgia-Pacific said it has given employees 60 days notice of the closing, as required by law. The facility will close July 24.
“Employees understood that the mill wasn’t profitable and worked to improve productivity and operating conditions,” said James G. Crump Jr., senior vice president for communication papers.