Boise production cut to eliminate 325 jobs
Boise scales back production at St. Helens, Ore., mill; 325 jobs to be eliminated
November 17, 2008: 06:33 PM EST
NEW YORK (Associated Press) - Paper company Boise Inc. said late Monday it will cut back production at a St. Helens, Ore., paper mill, eliminating 325 jobs.
"The decision was primarily a function of declining product demand coupled with continuing high costs, which made it impossible to meet the company's long-term financial objectives," Chief Executive Alexander Toeldte said in a statement.
The company said 300 of the jobs lost will be at the mill, with another 25 lost from related sales, marketing and logistics. Boise said it will continue to employ 170 workers at the St. Helens facility once the restructuring is complete by Jan. 16, 2009.
