Stora Enso takes next step towards more focused, efficient and faster-reacting company
Annual cost savings target from Business Area consolidation and significantlyleaner administration EUR 250 million by end of 2010STORA ENSO OYJ STOCK EXCHANGE RELEASE 23 April 2009 at 5.59 GMT EUR 250 million annual cost reduction; planned headcount reduction up to 2 000mainly from leaner management structuresMajority of cost savings by end of 2009, remainder by end of 2010New Group Executive Team and consolidated Business Area structureSimplified operating models for Group functions Stora Enso is planning to reorganise its operations with the aim of reducingannual costs by EUR 250