Stora Enso has concluded co-determination negotiation
Stora Enso has concluded the co-determination negotiations at Summa, Kemijärvi and Anjala Mills, and the Helsinki Headquarters. The reasons for the capacity and resource cuts announced on 25 October 2007 have unfortunately not changed – excess capacity in standard and improved newsprint and uncoated magazine paper, and dramatic cost increases, especially for imported wood. Stora Enso must therefore take action to safeguard its cost and competitive position, and thereby the future of the Group.