Stora Enso to shed 50 jobs in Imatra
18 Apr 2019, 17:01 ( 3 Months ago)
Forest product company, Stora Enso will lay off 50 employees from its Imatra Mills after the completion of co-determination talks earlier this week, said the company in the press release.
Earlier estimate of redundancy need was estimated at 80 employees.
The negotiations concerned the closure of paper machine 6 at Stora Enso’s Imatra Mills.As a result of the co-determination negotiations, paper machine 6 at Imatra Mills will be shut down by the end of 2019.
The negotiations were part of the Group’s profit protection programme. Most of the impacts on personnel as a result of the layoffs can be managed through pension arrangements.
Most of the cases can be managed through pension arrangements. Most of the employment relationships of the people affected will end by the end of 2019.
“The decisions about closures are always difficult, but it is good that in most of the cases, the layoffs can be managed through pension arrangements. Even if we were closing one small paper machine, the personnel of the whole mill were part of the co-determination negotiations, which enabled this end result,” said Mill Director Mikko Nieminen.
Stora Enso supports those who are made redundant for production-related and financial reasons by providing extensive support, including the possibility of individual placement training. The Group also works closely with local employment and economic development offices to help those who have been laid off.
The closure of the paper machine 6 is part of Stora Enso’s profit protection programme, announced on 1 February 2019. The programme is aimed at creating cost savings of EUR 120 million per year.