07202019Sat
Last updateFri, 19 Jul 2019 12am
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Stora Enso plans to rationalise Building Solutions Finland

Stora Enso plans to rationalise the operational model in Building Solutions Finland and starts co-determination negotiations with all employees within this unit. The co-determination negotiations will include a possible reduction in personnel by approximately 50 people and a possible closure of the Pälkäne production unit. The plan would have no material impact on the sales and on the operating profit of Stora Enso's Wood Products division.

"We were one of the first companies to develop modular wooden constructions in Finland, and being first entails a learning phase. Our growing knowledge has enabled us to find ways to improve and increase operational performance. We are redefining our business model with a plan to focus our production and competence into one site. One compact and efficient production line, using raw material from our upcoming investment in Varkaus, would be able to serve existing and future market needs," says Jari Suominen, Head of Stora Enso Wood Products.

"Despite the current challenges in the Finnish construction sector, we have great faith in the future of wood as a building material. Future products from our investment in Varkaus, combined with the existing Building Solutions, will secure an attractive offering to our customers," Jari Suominen concludes.

No decisions regarding the possible closure or a reduction in personnel will be taken until the co-determination negotiations have been concluded. Stora Enso would make every effort to co-operate with the local community to help the affected staff find new employment opportunities. All job openings in other Stora Enso units would be available to those affected.
www.storaeno.com

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