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BillerudKorsnäs to cut up to 300 staff in efficiency overhaul


September 17, 2019
By P&PC Staff

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Swedish pulp and paper manufacturer BillerudKorsnäs is cutting up to 300 staff as part of a cost reduction program that the company says will lead to efficiency and profitability.

The measures include staff cuts in mainly administration, purchasing-related savings and efficiency improvements throughout the business. Negotiations with the trade unions will begin shortly.

As a part of a strategic update, BillerudKorsnäs is expecting positive effects of approximately SEK 250 million on total earnings of around SEK 600 million.

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“There is considerable potential to increase our cost efficiency within BillerudKorsnäs,” says Petra Einarsson, CEO and president of BillerudKorsnäs.“We are a well-positioned, fundamentally stable company that continuously improves our operational efficiency. This programme will ensure long-term efficiency and profitability.”

The updated strategy also involves BillerudKorsnäs accelerating its innovation and repositioning solutions. The strategy focuses on clearer priorities and concrete initiatives that challenge conventional packaging.