Declining product demand means job cuts, plant closures for Bemis Co. Inc.

NEENAH — Declining demand for its products will lead to job cuts and plant closures for flexible packaging maker Bemis Co. Inc. A company spokesperson said today no timetable has been determined when these decisions would be made but indicated the moves are expected to result in severance charges of about 4 cents per share in its fourth quarter. The company did not disclose any specifics about number of job cuts or locations of plant closures. The Neenah-based company employs about 4,200 people throughout its Fox Valley operations. Bemis Co.’s shares fell Wednesday after the packaging maker said its