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February 14, 2019
Stora Enso to implement a EUR 120 million cost-cutting programme as market uncertainty rises
Stora Enso is implementing a cost-cutting programme of Euro 120 million targeting reductions in variable and fixed costs, as market uncertainty increases. Stora Enso estimates that some effects will be visible already during 2019 with full impact by the end of 2020. As part of the programme, Stora Enso is planning to close paper machine 6 at Imatra Mills in Finland and to start co-determination negotiations at the mill related to this plan. With annual production capacity of 90,000 tonnes, PM6 is a small machine that has reached its end-of-life.  ...
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