Georgia-Pacific Closing Louisville, Miss. Plywood Plant

Apr 20, 2001, 01:00 ET from Georgia-Pacific Corp.

    ATLANTA, April 20 /PRNewswire Interactive News Release/ -- Georgia-Pacific
 Corp. (NYSE:   GP) is closing its already idled plywood production facility in
 Louisville, Miss., effective today.  Production operations at the facility
 have been suspended since late December.  Approximately 350 employees will be
 affected.
     "This was a difficult decision," said Terry Christiansen, division vice
 president of plywood manufacturing.  "We constantly review our operations to
 be sure they are meeting our strategic objectives.  Unfortunately, wood costs
 and market conditions made our ability to continue operating Louisville
 extremely tough."
     Employees will receive benefits as required by the federal Worker
 Adjustment and Retraining Notification (WARN) Act.
     Georgia-Pacific built the Louisville facility in 1966.  The facility
 produced various grades of plywood and had annual production capacity of 290
 million square feet.  The company will continue operating its adjacent
 particleboard and chemical facilities.
 
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SOURCE Georgia-Pacific Corp.
    ATLANTA, April 20 /PRNewswire Interactive News Release/ -- Georgia-Pacific
 Corp. (NYSE:   GP) is closing its already idled plywood production facility in
 Louisville, Miss., effective today.  Production operations at the facility
 have been suspended since late December.  Approximately 350 employees will be
 affected.
     "This was a difficult decision," said Terry Christiansen, division vice
 president of plywood manufacturing.  "We constantly review our operations to
 be sure they are meeting our strategic objectives.  Unfortunately, wood costs
 and market conditions made our ability to continue operating Louisville
 extremely tough."
     Employees will receive benefits as required by the federal Worker
 Adjustment and Retraining Notification (WARN) Act.
     Georgia-Pacific built the Louisville facility in 1966.  The facility
 produced various grades of plywood and had annual production capacity of 290
 million square feet.  The company will continue operating its adjacent
 particleboard and chemical facilities.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X18139264
 
 SOURCE  Georgia-Pacific Corp.

RELATED LINKS

http://www.gp.com