HELSINKI, Oct. 14, 2020 /PRNewswire/ -- Stora Enso has
completed the co-determination negotiations concerning the closure
of one standard newsprint paper machine (PM3) and the
deinking plant at Stora Enso's Hylte Mill in Sweden. The maximum personnel impact is 140
people.
As a result of the co-determination negotiations, PM3 will be
shut down by the end of 2020 and the DIP latest in Q2 2021.
Negotiations on organizational restructuring, including the risk
analysis, have started.
Stora Enso will continue to produce standard newsprint at Hylte,
Langerbrugge and Sachsen mills. The closure of Hylte Mill PM3 will
not impact Stora Enso's newsprint product offering, and we will be
able to serve our customers as today.
Part of the bioeconomy, Stora Enso is a leading global provider
of renewable solutions in packaging, biomaterials, wooden
constructions and paper. We believe that everything that is made
from fossil-based materials today can be made from a tree tomorrow.
Stora Enso has some 25 000 employees in over 30 countries. Our
sales in 2018 were EUR 10.5 billion.
Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and
Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded
in the USA as ADRs (SEOAY).
storaenso.com
For further information, please contact:
Ulrika Lilja
EVP, Communications
Tel. +46-72-221-9228
Liisa Nyyssönen
SVP Communications, Division Paper
Tel. +358-40-544-3491
Investor enquiries:
Ulla
Paajanen
SVP, Investor Relations
Tel. +358-40-763-8767
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