Determination Negotiations At Veitsiluoto Site
17/06/2021 07:33
June 17 (Reuters) - Stora Enso Oyj STERV.HE :
* STORA ENSO COMPLETES CO-DETERMINATION NEGOTIATIONS AT VEITSILUOTO SITE
* AS A RESULT OF NEGOTIATIONS, 550 PEOPLE WILL BE PERMANENTLY LAID OFF.
* SOME 28% OF REDUNDANCIES CAN BE MANAGED THROUGH PENSION ARRANGEMENTS.
* AS A RESULT OF NEGOTIATIONS, 550 PEOPLE WILL BE PERMANENTLY LAID OFF. SOME 28% OF
REDUNDANCIES
CAN BE MANAGED THROUGH PENSION ARRANGEMENTS.
* STORA ENSO HAS COMPLETED CO-DETERMINATION NEGOTIATIONS CONCERNING CLOSING DOWN PULP AND
PAPER
PRODUCTION AT ITS VEITSILUOTO SITE IN FINLAND. CLOSURE WILL TAKE PLACE DURING Q3 OF 2021
* STORA ENSO CONTINUES TO PRODUCE WOODFREE UNCOATED (WFU) OFFICE PAPERS AT NYMÖLLA SITE IN
SWEDEN.
* PULP AND PAPER PRODUCTION AT VEITSILUOTO IS ESTIMATED TO CEASE DURING Q3 OF 2021.
* CO-DETERMINATION NEGOTIATIONS CONCERNING KVARNSVEDEN SITE IN SWEDEN ARE STILL ONGOING.
* SAWMILL WILL CONTINUE OPERATING AT SITE WITHIN WOOD PRODUCTS DIVISION AND EMPLOY SOME 50
PERSONS.
* CO-DETERMINATION NEGOTIATIONS CONCERNING KVARNSVEDEN SITE IN SWEDEN ARE STILL ONGOING.
* DUE TO CLOSURE DECISION, 550 PEOPLE WILL BE PERMANENTLY LAID OFF AT VEITSILUOTO SITE
* 550 PEOPLE WILL BE PERMANENTLY LAID OFF AT VEITSILUOTO SITE
* 440 WORK IN PAPER DIVISION AND 110 AT MAINTENANCE COMPANY EFORA
* STORA ENSO HAS INITIATED A PROJECT TO FIND FUTURE OPTIONS FOR VEITSILUOTO SITE
* STORA ENSO CONTINUES TO PRODUCE WOODFREE UNCOATED (WFU) OFFICE PAPERS AT NYMÖLLA SITE IN
SWEDEN.
* MAXIMUM OF 21 PEOPLE IN EFORA'S ENGINEERING BUSINESS UNIT IN VEITSILUOTO WILL BE
TRANSFERRED TO
ENGINEERING COMPANY ETTEPLAN
* INITIATED A PROJECT TO FIND FUTURE OPTIONS FOR VEITSILUOTO SITE
* EXTERNAL ADVISOR WILL BE ASSIGNED TO IDENTIFY DIFFERENT ALTERNATIVES AND TO COMPARE THEIR
FEASIBILITY.
Source text for Eikon: ID:nWkr5Q2WD1
Further company coverage: STERV.HE
(Gdansk Newsroom)
((Gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))