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Stora Enso Retains Central European Sawmills Business, Flags 250 Job Cuts

MT Newswires·11/10/2026 07:28:43
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07:28 AM EST, 11/10/2026 (MT Newswires) -- Stora Enso (STEAV.HE, STERV.HE) decided to retain its Central European sawmills and building solutions operations, following the conclusion of a strategic review that started in November 2025. The forest industry company said Tuesday the unit's performance and profitability can be improved through streamlining measures. The plans include closing one production line at the sawmill in Brand, Austria, by the end of the first quarter of 2027, and implementing structural changes within the Central European operations across Austria, Czechia, Poland, and Lithuania. The measures are expected to impact 250 roles across the business unit. Stora Enso added that any planned closures or layoffs will only be carried out following a consultation with relevant stakeholders.