Wednesday 19. June 2013
Stora Enso concludes second phase of planning EUR 200 million streamlining and structure simplification programme announced on 23 April – estimated personnel reduction approximately 2 500
On 23 April 2013 Stora Enso announced new plans to simplify and streamline its operations to focus its different businesses, simplify its operations and enable greater focus on growth in value-creating businesses. The potential EUR 200 million annual Group fixed cost reduction from actual costs in year 2012 to second quarter 2014 run rate will include the earlier announced EUR 30 million streamlining of the Building and Living Business Area. All plans are subject to co-determination negotiations in the local units.