Co-determination negotiations concerning the closure of paper machine 6 at Stora Enso’s Imatra Mills in Finland, ended on 15 April 2019. The negotiations were part of the Group’s profit protection programme. Most of the impacts on personnel as a result of the layoffs can be managed through pension arrangements. As a result of the co-determination negotiations, paper machine 6 at Imatra Mills will be shut down by the end of 2019. By reorganising work in the departments that support production by paper machine 6, the number of layoffs at Imatra Mills can be reduced from the previously announced estimate of a maximum of 80 to 55 people. Most of the cases can be managed through pension arrangements. Most of the employment relationships of the people affected will end by the end of 2019. Click Read More bellow for additional information.
Total boxboard monthly production decreased 4.6 percent when compared to May 2018. The total boxboard operating rate was 91.1 percent for May. Total Solid Bleached Boxboard and Liner production was up 0.2 percent year to date; Recycled Boxboard production rose 0.2 year to date; and Unbleached Kraft & Gypsum declined 1.2 percent year to date.