Stora Enso

Type
Internal restructuring
Country
Finland
Region
Location of affected unit(s)
varkaus, Kotka, Sunila, Tolkkinen, Imatra
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
17.1 - Manufacture of pulp, paper and paperboard
17.12 - Manufacture of paper and paperboard
450 - 1,100 jobs
Number of planned job losses
Job loss
Announcement Date
19 August 2009
Employment effect (start)
1 September 2009
Foreseen end date
31 December 2010

Description

Stora Enso, the Finnish wood and pulp producer, announced further reductions in its Finnish manufacturing capacity due to on-going weak demand and the resulting heavy losses. Between 450 and 1100 jobs will be lost over the coming year in various Finnish units.

Sources

Citation

Eurofound (2009), Stora Enso, Internal restructuring in Finland, factsheet number 70330, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70330.