OTHER NEWS - Nov. 26, 1991

International Paper Plans to Cut 1,000 Jobs: The Purchase, N.Y.-based firm said it will take a one-time, after-tax charge of $215 million because of an accounting rule related to employee post-retirement benefits other than pensions. In an unrelated move, the company said it plans to eliminate more than 1,000 positions in a cost-cutting effort worth an estimated $50 million annually. The company plans to establish a $60-million reserve to cover severance costs, resulting in a $37-million charge to after-tax earnings in the fourth quarter of 1991.