Tuesday, October 04, 2005

Toilet Paper Corp. Cuts Jobs

Georgia-Pacific Corportation is planning to cut approximately 1,000 jobs as of today. The purpose is to save the Corportation $100 million a year. Georgia-Pacific produces Brawny paper towels, Angel Soft, Quilted Northern toilet papers, and also Mardi Gras Napkins.
Another paper company went through a similar stage of eliminating jobs in order to save money. They blamed the market for its declining demand and weak prices.
Georgia-Pacific said that higher raw materials and energy costs are also attributing to their loss in revenue. They are shutting down other production facilities in order to help solve this problem.
Will the price of toilet paper increase? Will other competing companies face similar problems of supply and demand?

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