Stora Enso

Type
Internal restructuring
Country
Finland
Region
Manner-Suomi;
Location of affected unit(s)
Heinola, Inkeroinen, Pori, Ruovesi
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
17.2 - Manufacture of articles of paper and paperboard
17.21 - Manufacture of corrugated paper, paperboard and containers of paper and paperboard
60 - 125 jobs
Number of planned job losses
Job loss
Announcement Date
23 October 2012
Employment effect (start)
Foreseen end date

Description

Stora Enso has announced redundancies of 60 to 125 employees from four of its packaging material plants in Finland. The company is starting negotiations with employee representatives on the cuts.

Stora Enso is planning to close its plant in Ruovesi (60 jobs) and reduce workforce in Heinola, Inkeroinen and Pori. Stora Enso announced redundancies in Europe of a total of 520 (Finland, Poland, Sweden). The company refers to the need to improve its profitability and save 36 million Euros annually as reasons for the redundancies.

The unions have sharply criticised Stora Enso for 'abandoning Europe.' They have also called for government intervention as 35% of the company is owned by Finnish public institutions.

Sources

  • 23 October 2012: YLE News
  • 23 October 2012: Taloussanomat
  • 23 October 2012: Stora Enso press release

Citation

Eurofound (2012), Stora Enso, Internal restructuring in Finland, factsheet number 74404, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74404.