Paper and packaging giant lays off 1,150 jobs

In the written statement made by the company, it was indicated that it is preparing for restructuring actions in order to increase its competitiveness and profitability in the long term.

Annica Bresky, CEO of Stora Enso, said: “We are at a critical inflection point in our strategy and we need to focus more on capital allocation and decentralized empowerment to advance our position in the market. Unfortunately, this means that non-performing assets have to be closed.” she performed her assessment.

Bresky added that they will continue to take strategic growth steps toward the company’s renewable products.

The company plans to permanently close its Sunila pulp production unit in Finland, the De Hoop containerboard plant in the Netherlands, a containerboard line at the Ostroleka plant in Poland and the Napi sawmill in Estonia.

Stora Enso explained that the cessation of timber imports from Russia has resulted in increased competition for pulp, making the Sunila deposit no longer affordable.

“The planned restructuring actions will result in the layoff of approximately 1,150 employees in total,” the statement said. expression was used. (AA)