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Stora Enso to cut up to 250 jobs in Central Europe, close Austrian sawmill line

By Reuters News

Nov 10 (Reuters) - Stora Enso STERV.HE has decided not to sell its Central European sawmills and building solutions business, and instead plans to cut up to 250 jobs to streamline operations, it said on Tuesday after a year-long strategic review.

The Finnish forestry group plans to close one small log production line at its Brand sawmill in Austria, which it said would require significant investments, by the end of the first quarter of 2027. Wood procurement and other production lines in Brand will continue operations as usual.

  • No decisions on the planned closure or employee impact will be made until talks with relevant stakeholders under local rules and regulations have been concluded

  • Stora Enso said the planned changes responded to slow market growth and rising costs

  • The strategic review covered seven sawmills in Austria, the Czech Republic, Poland and Lithuania, three cross-laminated timber mills, and wood procurement, sales and distribution operations

  • The review included an option to divest the business, which does not bring synergies for Stora's core renewable packaging operations

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