Stora Enso plans temporary lay-offs in its operations in Finland
STORA ENSO OYJ PRESS RELEASE 19 January 2009 at 07.05 GMT
As Stora Enso announced in a stock exchange release today, it will continue to
curtail production in its Finnish operations during the first half of 2009 to
adjust to weakened demand of the Group's products. As part of the adjustment
measures, Stora Enso will start co-determination negotiations concerning
temporary lay-offs in Finland. The total number of employees affected by the
co-determination negotiations could exceed 5 000. The temporary lay-off needs
and their length will be determined in detail locally as the co-determination
negotiations proceed.
For further information, please contact:
Juha Vanhainen, Country Manager Finland, tel. +358 2046 21343
Keith Russell, SVP, Investor Relations, tel. +44 7775 788659
Ulla Paajanen-Sainio, VP, Investor Relations and Financial Communications,
tel. +358 2046 21242
www.storaenso.com
www.storaenso.com/investors