Black Wednesday only brought a partial solution

摘要

In September, UPM and Stora Enso announced massive cutbacks in production. Regardless of this, new reorganisation measures are expected in the forest industry. UPM and Stora Enso will have to continue their harsh measures. UPM and Stora Enso drew gloomy clouds over Finland and a couple of German mill locations on Wednesday, 10th September. Both Groups announced massive production cutbacks resulting in the loss of more than 1 000 jobs. Regardless of their identical timing and dramatic similarities, the management of the two Groups had ended up with slightly different solutions.