Iggesund Paperboard announces 150 redundancies
Iggesund Paperboard, a subsidiary within the Holmen group, is currently implementing efficiency measures to secure an efficient business and safeguard the long-term profitability of Iggesund Mill. The redundancies are part of an efficiency package aimed at improving production capacity and reducing costs.
Local negotiations with the affected employee organisations will now begin with a view to completing the cutback in personnel before the end of the year.
- We have a strong position in the global paperboard market, but we need to work proactively to maintain our competitiveness. With this in mind, we are preparing to increase production capacity by around 100 000 tonnes and will now also be conducting a review of the organisation in order to ensure efficient operations and long-term profitability at Iggesund Mill, says Daniel Peltonen, CEO of Iggesund Paperboard.
For further information, contact:
Hakim Belarbi, Public Affairs and PR Manager, tel. +46 70 482 4487
Holmen’s business concept is to own and add value to the forest. The forest holdings form the basis of the business – an ecocycle in which the raw material grows and is refined into everything from wood for climate-smart building to renewable packaging, magazines and books. The forest is managed to provide a good annual return and stable value growth while our production operations are run with a focus on profitability and greater value added. In 2017 Holmen’s net sales were just over SEK 16 billion and the group has approx. 3 000 employees. Holmen’s shares are listed on Nasdaq Stockholm, Large Cap. For more information, visit holmen.com.