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Strike at Stora Enso Imatra Mills

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STORA ENSO OYJ  Stock Exchange Release 17 May 2004 at 16.30


Strike at Stora Enso Imatra Mills

The Finnish Paper Workers’ Union in Finland has called a 48-hour 
strike at Stora Enso’s Imatra Mills, commencing today. The union 
objects to the Group’s plans to reduce personnel at the mills by 50 
employees through existing retirement plans and natural wastage. 
This personnel reduction does not require direct redundancy 
measures.

The cost of the strike is estimated to be approximately EUR 3 
million, provided production starts up normally. The strike will 
have an effect on profitability in the second quarter 2004 results, 
mainly in Packaging Boards, but also in Fine Paper.

Stora Enso will announce its January–June results on 28 July 2004.


For more information, please contact:
Kari Vainio, EVP, Corporate Communications, tel. +44 7799 348 197
Keith B Russell, SVP, Investor Relations, tel. +44 20 7016 3146
Ulla Paajanen-Sainio, VP, Investor Relations and Financial 
Communications, tel. +358 2046 21242


STORA ENSO OYJ



 Jyrki Kurkinen  Ulla Paajanen-Sainio

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