Stora Enso will start co-determination negotiations with employees at its Kvarnsveden Mill in Sweden and Veitsiluoto Mill in Finland regarding a plan to permanently close down pulp and paper production at both mills. The planned closures would take place during the 3Q 2021, and affect directly 670 people in Finland and 440 people in Sweden.
The planned mill closures would reduce Stora Enso’s paper production capacity by 35% to 2.6 million tonnes per year.
Both Kvarnsveden and Veitsiluoto mills are loss-making, and their profitability is expected to remain unsatisfactory also going forward.
The sawmill at Veitsiluoto would continue operating at the site under the Wood Products division and employ some 50 persons. Stora Enso would aim to sell its shares (50%) in the port operator Kemi Shipping Oy.
Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper.
