MeadWestvaco Closes Envelope Plant

Share this content:
Paper producer MeadWestvaco said yesterday it would close an envelope plant in Worcester, MA, that is part of its consumer and office products division within 60 days as part of a cost-cutting effort.


The closing will affect 150 employees, who will be offered job-placement assistance. MeadWestvaco said it would close the plant in late September and transfer its production to other company facilities.


The company projected that it will incur an $11 million charge for costs, including employee restructuring benefits and asset write-downs, related to the closure. MeadWestvaco said it expected the closure to boost future earnings.


MeadWestvaco, Stamford, CT, plans to close another consumer and office products facility in Front Royal, VA, in mid-August, affecting 160 employees. In May, the company shut down four paper machines, three in Chillicothe, OH, and one in Luke, MD, leading to the layoff of 425 workers.


The company is slashing 900 jobs in 2002 as a result of the merger of Mead Co. and Westvaco, which was completed Jan. 29.


Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above