Georgia-Pacific

Leading maker of building and paper products.

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Headquarters: 133 Peachtree St., N.E.
Atlanta, GA 30303
Employees: 45,000
CEO: James Hannan
Privately held

Website: http://www.gp.com

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Georgia-Pacific is a leading manufacturer and distributor of building products, industrial wood products, pulp, paper, packaging, paperboard, tissue, gypsum wallboard and related chemicals.

The company has more than 300 manufacturing facilities across North America and Europe, ranging from large pulp, paper and tissue operations to gypsum plants, box plants and building products complexes.

Georgia-Pacific also makes products for the consumer which include tissue and towels under the Angel Soft, Brawny, Mardi Gras, Quilted Northern, Sparkle and Vanity Fair brands. Another subsidiary is the Dixie brand which sells paper cups, plastic utensils and plates.

The company also sells paper for use in copiers and printers.

Koch Industries, a privately held company, purchased Georgia-Pacific in 2005 for $21 billion in cash and debt assumption. The company is no longer publicly-traded.

History

The company was founded in 1927 in Augusta, GA by Owen R. Cheatham as the Georgia Hardwood Lumber Co., a wholesaler of hardwood lumber. The company would go on to acquire saw mills and plywood mills across the country. It changed its name to Georgia-Pacific Plywood & Lumber Co. in 1948 and went public on the NYSE in 1949.

Benefits

Medical/Vision Plans
You have a choice from among several different health care plans. A PPO or traditional health plan with employee-paid deductibles and copays and based on zip code are available. Managed care programs (HMO) are available in certain geographical areas. No matter which plan you choose, vision and prescription drug benefits are included.

Dental Plan
You may choose to purchase dental coverage for yourself and your eligible family members on a pre-tax basis. Benefits include preventive care, basic care, major dental service care, and orthodontia (a lifetime maximum of $2,000 for dependent children up to age 17).

Life and Accidental Death & Dismemberment (AD&D) Insurance
The company pays for $50,000 of life and accidental death and dismemberment (AD&D) insurance. You can pay to increase this amount to up to eight times your annual pay or $2 million, whichever is less.

Dependent Life Insurance
You may purchase life insurance for your spouse or domestic partner and your children. Coverage amounts in $25,000 increments up to $250,000 are available for your spouse or domestic partner. For children, you may purchase coverage of $5,000, $10,000 or $20,000. Coverage of $1,000 is effective for children 14 days to 6 months of age. No coverage is available for children under 14 days old.

Long-Term Disability Plan (LTD)
You may purchase income protection in the event you become disabled and cannot work. The disability benefit equals either 50%, 60%, or 70% of basic monthly pay, based on the plan elected.

Special Survivor Benefit
If an employee dies from injuries sustained in an accident on the job, the company pays a benefit equal to four times the employees' base annual salary (the maximum benefit is $200,000). This is payable to an eligible spouse, eligible dependent children, and/or eligible dependent children.

Business Travel Accident Plan
If an employee dies while on a Georgia-Pacific business trip, the company pays a lump sum of $100,000. If an employee becomes disabled or dismembered while traveling on company business, the plan pays from $25,000 to $100,000, depending on the injury.

Salaried 401(k) Plan
You are immediately eligible to participate in the Plan and to receive Company matching contributions. You can begin contributing to the Plan as soon as administratively feasible following your date of hire. You may save from 1% - 75% of your pay on a pre-tax basis (subject to legal limits). Georgia-Pacific matches $1.00 for every $1.00 you contribute to your plan account up to 3% of your pay, and then $0.50 for every $1.00 of the next 5%. You're always fully vested in your own contributions. You become fully vested in company matching contributions after completing 3 years of service. You may choose from a variety of investment funds, each with a different investment objective and strategy.

Salaried Pension Plan
You are eligible to participate in the plan with the first pay date of the month after you complete one year of service. You are automatically enrolled in the plan. This plan is completely funded by the company; employee contributions are not allowed in the plan.

Vacation
Vacation is based on the length of employee continuous company service as follows*:
6 months service = 5 vacation days
1 year but less than 5 years service = 10 vacation days
5 years but less than 12 years service = 15 vacation days
12 years but less than 18 years service = 20 vacation days
18 years or more service = 25 vacation days
* Some divisions use a different schedule based on local practices.

Holidays
Georgia-Pacific observes several paid holidays company-wide, including:
· New Year's Day
· Memorial Day
· Independence Day
· Labor Day
· Thanksgiving Day
· Christmas Day

For customer service reasons, several facilities may not be closed for some or all of these holidays. Local management at these facilities will announce other holidays at the beginning of each year. In addition, after you have been employed for 90 days, you will have two discretionary vacation days that may be used during the year.

Educational Assistance
Georgia-Pacific may reimburse a certain percentage of the cost for tuition, books and lab fees for job-related courses. Courses must be approved in advance, and the amount reimbursed depends upon your final grade.

Matching Gift Program
Through this program, the company matches your contribution to an approved educational institution, hospital, and or cultural organization on a dollar-for-dollar basis.

Employee Assistance Program (EAP)
The EAP is a confidential program designed to help you, your eligible dependents and your household members resolve personal challenges. Information, consultation, and assistance are provided at no cost to you.

Updated August 4, 2009