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Strike at Stora Enso


May 17, 2004
By Pulp & Paper Canada

The Finnish Paper Worker’s Union in Finland has called a 48-hour strike, effective May 17th, 2004 at Stora Enso’s I…

The Finnish Paper Worker’s Union in Finland has called a 48-hour strike, effective May 17th, 2004 at Stora Enso’s Imatra Mills. In a demonstration of its objection to the Group’s plans to eliminate 50 employees through existing retirement plans and natural wastage, the strike will come with a hefty price tag. Estimated at approximately 3 million Euro, provided that production starts up smoothly, the strike will affect profitability in the second quarter 2004 results. Packaging boards will be hit the hardest, but Fine Paper will not escape unscathed.

Located 250 km east of Helsinki, Stora Enso’s Imatra Mills employ approximately 2100 people.

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