Employees at the Emporia Plywood mill were told that Georgia-Pacific will permanently close the plant, effective today, the company said in a news release on its website.

Approximately 550 jobs will be impacted. 

Normal operations will cease today — and the site will be permanently closed on July 1.

The company said it will provide all affected employees with at least 60 days’ pay with benefits.

“Housing affordability challenges and a 30-year low in existing home sales are impacting our plywood business, as many of our plywood products are used in repair and remodel projects, which often occur when homes change ownership,” the company said. “To align with current demand, we are reducing our production capacity.” 

A decision on the facility and property will be made at a later date.

“Georgia-Pacific is committed to treating all Emporia employees with dignity and respect and will work with them to provide access to local support agencies and job placement resources, including available opportunities within Georgia-Pacific or other Koch companies.”

The statement offered no further elaboration.