Metsä Tissue commences fixed cost saving program of EUR 25 million

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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.

For more information
Esa Kaikkonen, CEO Metsä Tissue, tel. +358 10 4654749

Metsä Group

Metsä Group is a forerunner in sustainable bioeconomy utilising renewable wood from sustainably managed northern forests. Metsä Group focuses on wood supply and forest services, wood products, pulp, fresh fibre paperboards and tissue and greaseproof papers.

Metsä Group’s sales totalled EUR 5.7 billion in 2018, and it employs approximately 9,300 people. The Group operates in some 30 countries. Metsäliitto Cooperative is the parent company of Metsä Group and is owned by approximately 103,000 Finnish forest owners.

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Metsä Tissue

With its high-quality tissue and greaseproof papers, Metsä Tissue makes life more comfortable for consumers, customers and end-users every day. Metsä Tissue is a leading tissue paper products supplier to households and professionals in Europe and the world’s leading supplier of greaseproof papers. Our main brands are Lambi, Serla, Mola, Tento, Katrin and SAGA. With production units in five countries, we employ a total of about 2,800 people. Our sales in 2018 were EUR 1 billion. Metsä Tissue is part of Metsä Group.  Twitter  LinkedIn