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Stora Enso plans to make organisational changes in the Paper division following the conversion of the Oulu Mill in 2020

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STORA ENSO OYJ PRESS RELEASE 21 October 2019 at 12.00 EEST

Stora Enso plans to make organisational changes in the Paper division following the Oulu Mill conversion at the end of 2020. The planned changes could result in a reduction of a maximum of 135 employees in the Paper division.

Stora Enso’s Paper division is planning to make organisational changes to improve competitiveness and ensure efficient customer service after the Oulu Mill conversion for production of kraftliner for packaging. The planned changes would primarily affect commercial functions and operations support. The planned changes could result in a reduction of a maximum of 135 employees in the Paper division by the end of 2020.

The new organisational set-up is expected to be complete in the first quarter of 2021. The transition to the new organisation will take place in phases to ensure good customer service.

No decisions regarding the planned changes will be taken, nor will there be any redundancies until the appropriate co-determination negotiations have been concluded.

For further information, please contact:
Liisa Nyyssönen
SVP, Communications, Paper Division
tel. +358405443491

Investor enquiries:
Ulla Paajanen
SVP, Investor Relations
tel. +358 40 763 8767

Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 26 000 employees in over 30 countries. Our sales in 2018 were EUR 10.5 billion. Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY). storaenso.com 

STORA ENSO OYJ 

For further information, please contact:
Liisa Nyyssönen
SVP, Communications, Paper Division
tel. +358405443491

Investor enquiries:
Ulla Paajanen
SVP, Investor Relations
tel. +358 40 763 8767

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