Big changes are underway at Norske Skog. The papermaker is implementing a program designed to beef up its profitabi…
Big changes are underway at Norske Skog. The papermaker is implementing a program designed to beef up its profitability through a variety of measures, including ‘substantial demanning.’
“This turnaround could mean shedding around 1,000 jobs,” said chief executive Christian Rynning-Tonnesen. “The biggest relative contraction will be in administrative functions, but staffing will also be cut substantially at the mills.”
The company is also preparing to cut back its annual production capacity in Korea, where demand for newsprint in the area has constricted by roughly 20% over the past four years. On December 31, the company will close PM1 and PM4 at the Norske Skog Jeonju mill, slashing its Korean capacity by 180,000 tonnes.
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