Packaging industry not spared by tough economy

• SSCC’s U.S. and Canadian subsidiaries filed voluntary petitions for reorganization under Chapter 11 in U.S. Bankruptcy Court in Wilmington, Del.

• AP reported that Stora Enso’s fourth-quarter earnings will be hit hard by production cuts, and the company will continue to cut jobs and output in 2009. As a result, its operating profit from September through December will be negatively impacted and it will take a $890 million impairment charge in the fourth quarter.