Stora Enso Announces Restructuring Across All Businesses

摘要

Stora Enso announced plans to restructure its operations through the permanent shutdown of paper machine 1 at its Hyhe Mill in Sweden and the permanent closure of the corrugated packaging plant at Ruovesi in Finland. In addition, Stora will implement efficiency improvements at several other mills. In a statement, Stora Enso said, "The profitability improvement actions are planned to reduce annual costs by EUR 36 million and reduce the number of employees by approximately 520 altogether"