Promoting ethical consumption, implementing a more efficient energy-saving policy, reducing business travel and producing directories in a responsible way…
Stora Enso Wood Products Business Area will start today co-determination negotiations in Finland with the aim of reducing capacity at Kitee and Varkaus sawmills as well as restructuring Puumerkki operations in Finland and Latvia. These actions would reduce the annual capacity by a total of 120 000 cubic metres and affect about 50 persons.
The following is a statement from Yvonne Hunt, director Social Investment at HP:
Annual cost savings target from Business Area consolidation and significantly leaner administration EUR 250 million by end of 2010
UPM Shotton has been recognised by Her Majesty The Queen as one of the UK’s most sustainable businesses with a Queen’s Award for Enterprise in the sustainable development category.
Cash flow from operations EUR 264 million through strong working capital management; Marginally positive operating profit excluding NRI and fair valuations; EUR 250 million further annual fixed cost reduction planned; Summary of First Quarter Results ; Continuing Operations
First-Quarter 2009 Highlights
