WestRock Company announced that it has once again been named to Fortune Magazine’s annual list of the “World’s Most Admired Companies.” The “World’s Most Admired Companies” survey measures nine attributes considered critical to a company’s global success, including quality of management, social responsibility, people management and global competitiveness, among others. The list, widely considered to be the definitive report card on corporate reputation, is based on company surveys and peer ratings from senior executives, directors and analysts.
Georgia-Pacific announced Thursday morning that they will leave the paper business, effectively laying off more than 600 workers at its plant in Port Hudson.
A spokesperson for Georgia-Pacific, Kelly Fergison, said the company will permanently shut down all paper machines, as well as its wood yard and pulp mill.
Employees are told they will stay on through March, at which point they will cease production.
They said they are not completely shutting down the facility. Roughly 300 employees will stay on as part of its consumer tissue and towel business.
Georgia-Pacific said this is not due to poor performance in Port Hudson, instead citing a declining market.
In a statement, Georgia-Pacific president Mike Adams said, “We will be working closely with our printing and writing customers during this time of transition.”