Stora
Enso has finalized negotiations with employee representatives regarding the
closure of the 205,000 tonne/yr PM 2 at its Hylte mill and the 270,000 tonne/yr
PM 11 at its Kvarnsveden mill, both in Sweden.
The
two newsprint machines were already stopped
for market-related reasons on May 16 and have not been restarted since. It
is now clear they will remain down for good. The PM closures are part of a broader round of restructuring and profitability improvement actions, which will reduce costs by a total of Euro 54 million ($70 million) annually and the number of employees at the company by 600.
