Finnish company Stora Enso is planning to implement company-wide restructuring actions to improve its profitability and competitiveness in the long term.
The company intends to swap its focus on capital allocation in the strategic growth markets with an increased focus on customer centricity, cost reductions and business.
Once executed, the proposed plans would result in the reduction of a total of 1,150 employees from Stora Ensos global workforce.
Out of these 1,150 positions, 250 are management and support positions from the Packaging Materials divisions that would be removed during the period of 2023-24.
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Read the full article at: https://www.packaging-gateway.com/news/stora-enso-restructuring-actions/