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International Paper cutting about 650 jobs, 400 in Memphis

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www.youtube.com – FOX13 Memphis – 2024-10-16 16:09:15

SUMMARY: International Paper, one of Memphis’s largest employers, is set to lay off 650 employees, with 400 of those positions based in Memphis. The company, headquartered in the , employs around 2,500 people locally and produces packaging, paper, and recycling products. The layoffs are part of a strategy to transition into a more profitable and sustainable packaging company. The Greater Memphis Chamber recognizes IP’s significant role in the community, expressing concern for the affected employees, especially as the holidays approach. In response, International Paper will offer mental resources and outplacement assistance to those laid off.

One of Memphis’ largest employers is cutting hundreds of in the Bluff City. READ MORE: https://www.fox13memphis.com/news/watch-international-paper-cutting-about-650-jobs-400-in-memphis/video_d793869e-b9c3-55eb-a988-ea3f250c5048.html

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News from the South - Tennessee News Feed

Some flooding damage is hard to notice in cars, but good to be aware of after historic Tennessee flo

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www.youtube.com – WBIR Channel 10 – 2024-10-16 22:10:46

SUMMARY: After Hurricane Helen, car owners should be cautious as affected an estimated 89,000 cars between June and August, adding to nearly half a million impacted by storms in 2023, according to Carfax. Some may not be immediately visible, as moisture can deteriorate electrical over time, leading to breakdowns. A car’s title may indicate past damage, such as salvage or rebuilt titles. Experts caution that tracking history is not always reliable, and obvious signs of damage include musty odors. It is advisable to consult professionals for thorough inspections and repairs to ensure safety and prevent future issues.

There are a variety of things to look for when checking out potentially -damaged cars.

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News from the South - Tennessee News Feed

Semi-truck crash closes part of Interstate 40 East in Hickman County

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www.youtube.com – WKRN 2 – 2024-10-16 18:18:24

SUMMARY: A multi-vehicle crash on I-40 in Hickman County has resulted in the shutdown of the highway. The incident involved two semi-trucks, one of which caught fire while hauling paint pigment, causing a spill on the roadway. Currently, one lane has reopened, but traffic remains congested as cleanup efforts continue. Authorities are managing the situation to restore normal traffic flow.

A Tennessee Department of Transportation spokesperson told News 2 that one of the trucks was reportedly carrying paint pigment.

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News from the South - Tennessee News Feed

Nashville rental prices dropping at fast rate

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www.youtube.com – WKRN 2 – 2024-10-16 17:02:26

SUMMARY: Rental prices in Nashville are declining faster than anywhere in the U.S., according to September data from realtor.com. This decrease is primarily due to a surge in multifamily developments and seasonal cooling in the housing market, with rents dropping for 14 consecutive months. While Nashville faces an oversupply of apartments, like Cincinnati see rising rents due to affordability. Nashville’s average rent stands at $1,578, significantly higher than nearby cities like Birmingham and Memphis. Although the market is adjusting, Nashville’s rental landscape is anticipated to stabilize as demand catches up with supply, driven by ongoing economic growth in the region.

New numbers show rent in Nashville is dropping faster than in any other metro area in the country.

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