Stora Enso is planning production cutbacks on account of declining levels of business activity on various extra-European softwood-lumber markets. The concern had already started associated negotiations with employee representatives on temporary layoffs at the Honkalahti and Uimahraju pine sawmills and the two spruce sawmills in Kitee and Varkaus in the third quarter. The group states that the negotiations for the four Finnish sites were concluded in the first weeks of October, with the result that Stora Enso can temporarily lay off employees for periods of up to 90 days. However, to what extent the group will exploit that possibility has largely not been conclusively defined yet. So far, it has only been decided that lumber production in Varkaus will initially be continued in only single-shift operations from 1 January 2016.
Stora Enso negotiates production cutbacks
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