On 23 April 2013 Stora Enso announced new plans to simplify and
streamline its operations to focus its different businesses, simplify
its operations and enable greater focus on growth in value-creating
businesses. The potential EUR 200 million annual Group fixed cost
reduction from actual costs in year 2012 to second quarter 2014 run rate
will include the earlier announced EUR 30 million streamlining of the
Building and Living Business Area. All plans are subject to
co-determination negotiations in the local units.
The EUR 200 million plans do not include any capacity reduction
actions. In addition to the EUR 200 million, the effect of previously
announced cost and capacity reduction actions between 2012 and the
second quarter of 2014 will be EUR 75 million per year.
