secwatch.observer — SEC 8-K summary
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Issuer:     INTERNATIONAL PAPER CO /NEW/ (IP)
CIK:        0000051434
Form:       8-K
Filed at:   2024-10-21T23:59:59+00:00
Accession:  0001193125-24-240435
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.05
LLM model:  deepseek-v4-flash:cloud@v2

International Paper to cut 650 jobs, incur $80-100M restructuring charge
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- Workforce reduction of ~650 employees; restructuring substantially implemented in Q4 2024.
- Estimated pre-tax charges of $80M-$100M: $50M in Q3 2024, $30M-$50M in Q4 2024.
- Charges are substantially cash; majority of cash payments expected in Q1 2025.
- Plan aims to reduce operating costs and optimize organizational structure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/51434/000119312524240435/0001193125-24-240435-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/51434/000119312524240435/d855285d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-240435

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer