As a part of its operational review, Metsä Tissue launches a program aiming at saving EUR 25 million in annual fixed costs. Related to this, Metsä Tissue starts co-determination negotiations in order to improve internal efficiency, focus and reduce complexity in Tissue Business. Planned restructuring can lead to organizational changes, such as job changes and redundancies.
Co-determination negotiations in Sales & Marketing, Supply Chain, Finance and HR organizations will commence in February 2019 in compliance with labour-laws in each country. Estimated reduction is approximately 90 in total, where highest savings target is planned to be in consumer business in Central Europe and CEE. Program will be finalized during the second half of 2019
Greaseproof Papers and Operations are not included in the above mentioned co-determination negotiations. Review of the mill operations has commenced on 1.2.2019 and the progress will be communicated separately. Also this review is part of the EUR 25 million fixed costs saving program.