Stora Enso’s Restructuring Revolution: The Winds of Change Continue to Blow

"Stora Enso Implements Restructuring Plan, Aims to Enhance Competitiveness and Streamline Operations, Resulting in Over 1,150 Job Cuts"

Stora Enso, a leading Finnish pulp and paper company, is making progress in its restructuring efforts. The company announced these actions on June 15, 2023, with the aim of enhancing its long-term competitiveness and adopting a more customer-centric operating model. As part of this restructuring, Stora Enso plans to reduce its workforce by approximately 1,150 employees.

The company has already completed some of the change negotiations, which will result in a reduction of 710 employees. Additionally, Stora Enso has made the decision to permanently close the pulp production and lignin extraction operations at its Sunila site in Finland. The Sunila site has an annual capacity of…

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This decision to close the pulp unit is part of Stora Enso’s efforts to streamline its operations and focus on its core businesses. The company believes that by decentralizing its operations and adopting a more customer-centric approach, it will be better equipped to meet the evolving needs of its customers and remain competitive in the market.

The closure of the pulp unit will have an impact on the employees at the Sunila site. Stora Enso is committed to supporting the affected employees during this transition period. The company will provide them with appropriate support, including assistance in finding new job opportunities and retraining programs, where necessary.

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Stora Enso’s decision to close the pulp unit is also influenced by market dynamics and changing customer preferences. The demand for certain paper products has been declining in recent years, and the company needs to adapt to these changes to ensure its long-term sustainability.

The closure of the pulp unit will enable Stora Enso to reallocate its resources and focus on other areas of its business that show greater potential for growth. The company is committed to investing in innovative technologies and sustainable solutions to meet the changing needs of its customers and contribute to a more sustainable future.

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Stora Enso is a global leader in the pulp and paper industry, with operations in more than 35 countries. The company has a strong commitment to sustainability and aims to create value for its customers, employees, and shareholders while minimizing its environmental impact.

The restructuring actions undertaken by Stora Enso are part of its broader strategy to adapt to the changing market conditions and ensure its long-term success. The company believes that by implementing these changes, it will be better positioned to navigate the challenges of the industry and seize new opportunities for growth.

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In conclusion, Stora Enso is making significant progress with its restructuring actions aimed at enhancing its long-term competitiveness. The closure of the pulp unit at the Sunila site in Finland is a strategic decision that will enable the company to reallocate its resources and focus on areas with greater growth potential. Stora Enso remains committed to supporting its employees during this transition and investing in sustainable solutions for the future.

John O Mahony

John O Mahony

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