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Strategies & Market Trends : Commodities - The Coming Bull Market
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To: craig crawford who wrote (531)7/14/2001 12:28:26 PM
From: craig crawford  Read Replies (1) of 1643
 
Thursday July 12, 4:47 pm Eastern Time
Int'l Paper to cut production and more jobs
biz.yahoo.com

STAMFORD, Conn., July 12 (Reuters) - International Paper Inc. (NYSE:IP - news), the world's No. 1 forestry products company, on Thursday said it would curtail production and slash 655 more jobs -- two weeks after saying it would cut 3,000 workers -- as the strong dollar undercuts results and demand softens.
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``The strong dollar has continuously weakened our export business in containerboard, while increasing imports of coated paper,'' International Paper Chairman and Chief Executive Officer John Dillon said in a statement.
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