EMCC European Monitoring Centre on Change

Stora Enso

Company/Organisation:
Stora Enso

Geographic Location

Country: Finland
Region: Manner-Suomi
Location of affected unit(s): Heinola, Inkeroinen, Pori, Ruovesi

Company

Sector: Manufacturing
Manufacture of wood and paper products, and printing
17.21 - Manufacture of corrugated paper and paperboard and of containers of paper and paperboard
Number Employed: 600

Employment Effects

Announcement Date: 23-10-2012
Planned Job Reductions min: 60
Planned Job Reductions max: 125
Type of Restructuring: Internal restructuring

Additional Information

Stora Enso has announced redundancies of 60 to 125 employees from four of its packaging material plants in Finland. The company is starting negotiations with employee representatives on the cuts.

Stora Enso is planning to close its plant in Ruovesi (60 jobs) and reduce workforce in Heinola, Inkeroinen and Pori. Stora Enso announced redundancies in Europe of a total of 520 (Finland, Poland, Sweden). The company refers to the need to improve its profitability and save 36 million Euros annually as reasons for the redundancies.

The unions have sharply criticised Stora Enso for 'abandoning Europe.' They have also called for government intervention as 35% of the company is owned by Finnish public institutions.