Stora Enso plans a programme to improve long-term profitability and competitiveness

Due to the continued weak and uncertain market environment, Stora Enso plans to initiate a new profit improvement programme targeting annualised EUR 80 million improvement of the operational EBIT. This could lead to a potential reduction of approximately 1,000 employees. Local change negotiations in line with the local legislations will start as soon as country specific plans are further detailed.

The profit improvement programme is designed to improve Stora Enso’s long-term competitiveness by focusing on core business activities that can drive the Group’s strategy supported by a decentralised operating model. The profit improvement programme would be implemented without any new production site closures.
details at: https://www.storaenso.com/en/newsroom/regulatory-and-investor-releases/2024/2/stora-enso-plans-a-programme-to-improve-long-term-profitability-and-competitiveness

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