Stora Enso progresses with restructuring actions to improve long-term competitiveness and profitability
HELSINKI, Sept. 4, 2023 /PRNewswire/ -- Stora Enso has progressed with its restructuring actions, announced on 15 June 2023, aimed at strengthening the Group's long-term competitiveness and creating a decentralised and more customer centric operating model. These actions would reduce the number of employees by approximately 1,150. The parts of the change negotiations completed so far, will result in a reduction of 710 employees.
- HELSINKI, Sept. 4, 2023 /PRNewswire/ -- Stora Enso has progressed with its restructuring actions, announced on 15 June 2023, aimed at strengthening the Group's long-term competitiveness and creating a decentralised and more customer centric operating model.
- Stora Enso has, during the third quarter permanently, closed down one of the four containerboard production lines at its Ostrołęka site in Poland.
- The completed and ongoing restructuring actions would decrease Stora Enso's annual sales by approximately EUR 380 million, based on the 2022 numbers.
- Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R).