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Article: Swedish Holmen to axe 200 jobs, reduce capacity.
- Article from:
- Nordic Business Report
- Article date:
- September 28, 2009
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NORDIC BUSINESS REPORT-28 September 2009-Swedish Holmen to axe 200 jobs, reduce capacity(C)1994-2009 M2 COMMUNICATIONS http://www.m2.com
28 September 2009 - Swedish paper maker Holmen AB (STO: HOLM B) said today it plans to cut some 200 jobs in the UK and Sweden, and to reduce capacity as part of efforts to streamline its organisation and become more competitive.
The company will cut the annual capacity of the Workington Mill in Cumbria, UK, to 200,000 tonnes from 250,000 tonnes in a move to reinforce its position in high-quality boxboard. At the end of 2009, it will close down one of its board machines there with an annual ...