Stora Enso’s Packaging Business Area has announced plans to restructure its core and coreboard operations in Finland, Germany, the UK and the US, and its streamline corrugated packaging production in Finland.

The move is aimed at increasing the company’s cost competitiveness and responding to market demand.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Starting with the first quarter of 2012, the company plans to reduce annual costs by about €6m with all planned actions to be complete by the end of the third quarter of 2012.

In the fourth quarter 2011 financial result, Stora Enso will record a restructuring provision and an inventory write-down of about €4m in the industrial packaging segment.

The plans also include the possibility of temporary lay-offs at corrugated packaging operations in Finland.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Packaging Gateway Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Packaging Gateway Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now