Stora Enso Layoffs Job Cut: fires 2000 employees: Finance Trading Times

Stora Enso Layoffs Job Cut: fires 2000 employees

The news is from Stora Enso, which is the major Paper company of Finnish-Swedish group of Europe, is reported to be going for layoffs. The news is not good for the employees of the Stora Enso as the organization is going for job cuts. Now the situation is getting worse for the employees as the recession is taking a toll on all sectors and all of the sectors are feeling the heat. Stora Enso Logo
How many employees may be fired in the Stora Enso layoffs?
As per the reports, there are going to be 2000 job cuts by Stora Enso. That will be around 7% of the total employee strength of Stora Enso.

What is the total no. of employees of Stora Enso?
The total no. of employees of Stora Enso is around 29,000.

What will be the cost and savings by Stora Enso layoffs?
Around 250 million Euros is expected to be saved.

When will the Stora Enso layoffs happen?
No info on concrete dates of layoffs.

Which locations and department of employees will be affected by the Stora Enso layoffs ?
The layoffs would mainly be in the administrative division. There may be some restructuring in the company.

What is the primary reasons for Stora Enso layoffs?
It's all about the due to weak demand and bleak outlook for the paper market and the other usual reasons like worsening market situation, economy, declining sales and no clear site of future revival.

Any other news about Stora Enso layoffs
As per Forbes, Stora Enso is one of the world's largest forest product companies making magazine paper, newsprint, fine paper, pulp and packaging boards. It has 85 production plants in more than 35 countries
Let's hope that alternative jobs are available to the affected employees of Stora Enso Layoffs Job Cut
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