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March 4, 2019
Stora Enso plans massive lay-offs in Finland due to lumber oversupply and high log prices
Stora Enso prepares for temporary lay-offs in its Wood Products division in Finland. The provisional lay-off plans concern Stora Enso's sawmills in Lappeenranta, Uimaharju, Kitee, and Varkaus. In addition, Stora Enso is planning temporary lay-offs at its LVL mill in Varkaus. If implemented, the lay-offs of up to 90 days will be completed by the end of October 2019. According to Stora Enso, the lay-off plans are due to market volatility that is expected to persist in 2019. Supply seems to exceed demand in the sawn ...
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