Stora Enso Plans to Make Organizational Changes in the Paper Division Following the Conversion of the Oulu Mill in 2020

Stora Enso’s Paper division is planning to make organizational changes to improve competitiveness and ensure efficient customer service after the Oulu Mill conversion for production of kraftliner for packaging. The planned changes would primarily affect commercial functions and operations support. The planned changes could result in a reduction of a maximum of 135 employees in the Paper division by the end of 2020.

The new organizational set-up is expected to be complete in the first quarter of 2021. The transition to the new organization will take place in phases to ensure good customer service.

No decisions regarding the planned changes will be taken, nor will there be any redundancies until the appropriate co-determination negotiations have been concluded.

About Stora Enso

Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 26 000 employees in over 30 countries. Our sales in 2018 were EUR 10.5 billion. Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY).

Contact:

Liisa Nyyssonen – Senior Vice President Communications, Paper Division – +358 405 443491

Source: Stora Enso Oyj