Stora Enso to cut 1.150 Jobs

European packaging company Stora Enso is planning a major restructure of their Packaging Material division. The company announced that with other changes in the group structure a loss of 1.150 jobs might be the result. Stora Enso wants to remain competitive and profitable. The company wants to close their production sites in De Hoop/Netherlands, Ostroleka/Poland, Näpi/Estonia and the Sunila pulp production in Finland. “Stora Enso president and CEO Annica Bresky said: “These measures are of course very difficult and would not be proposed unless it was absolutely necessary for our long-term competitiveness. We are at a critical juncture in our strategy advancement, and to further our market position an increased focus on capital allocation and decentralised empowerment is needed.”