EMCC European Monitoring Centre on Change

Stora Enso

Company/Organisation:
Stora Enso

Geographic Location

Country: Finland
Region: Pohjois-Pohjanmaa; Pohjois-Suomi; Manner-Suomi
Location of affected unit(s): Oulu

Company

Sector: Manufacturing
Manufacture of wood and paper products, and printing
17.1 - Manufacture of pulp, paper and paperboard
Number Employed: 600

Employment Effects

Announcement Date: 28-05-2019
Planned Job Reductions min: 365
Planned Job Reductions max: 365
Type of Restructuring: Internal restructuring
Foreseen End Date: 31-12-2020

Additional Information

Finnish-Swedish forest industry company Stora Enso has concluded employer-employee negotiations concerning the entire personnel of around 600 people at the site of Oulu Mill. As a result, 365 jobs will be lost. Up to one-fifth of the redundancies can be carried out through pension arrangements.

Due to the decrease in graphic paper demand, production at the Oulu Mill is shifting from paper to paperboard. The company will invest €350 million to convert the paper mill into packaging board production. Paper machine no. 6 as well as the sheeting plant will be closed. The process is expected to be finalised by the end of 2020.

According to Stora Enso, the company will ‘provide support to the people who will not continue working at the Oulu Mill after the conversion’. The president of the Finnish Paperworkers’ Union urged the company to make personalised re-employment plans for everyone who loses their jobs. 

Stora Enso employs around 26,000 people globally.

See Stora Enso 2017-SE and 2016-FI for recent restructuring events recorded in the ERM.

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