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BillerudKorsnäs to cut up to 300 staff in efficiency overhaul
September 17, 2019 By P&PC Staff
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.
“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.
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