Graeme Hart’s Pactiv Evergreen closes two plants, axes 1300 jobs
NYSE-listed company cites challenging market conditions behind ‘difficult decision’.
Packaging company Pactiv Evergreen runs 53 manufacturing plants in the US.
NBR Lister Graeme Hart’s 78%-owned packaging company Pactiv Evergreen has announced the closure of two US manufacturing plants, with the loss of 1300 jobs.
The restructuring was disclosed alongside Pactiv’s annual results, featuring net profit of US$318 million from revenue of US$6.2 billion.
The
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