Stora Enso shuts down coated magazine paper machine in Finland
In January 2014, Stora Enso announced that it planned to permanently shut down paper machine 1 (PM 1) at Veitsiluoto Mill in Finland, due to structural weakening of magazine paper demand in Europe. Co-determination negotiations with employees at the mill have now concluded and PM 1 will be permanently shut down by the end of April 2014. The shutdown will affect 88 employees.