With the planned restructuring, Munksjö aims to further adjust the cost structure and improve the operational efficiency of Business Area Release Liners.
The production facility in Mathi is a shared site with Ahlstrom Corporation. The headcount reduction related to the restructuring project is expected to be around 45 employees. Munksjö currently has around 270 employees in Italy. The restructuring is subject to consultation and approval processes in accordance with local legislation.
The expected annual cost savings of the restructuring amount to approximately Euro 2.0-2.5 million. Munksjö expects to attain the full profitability effect of the planned cost savings gradually during 2016.
Related to the restructuring in Mathi, other efforts to adjust the cost structure and other reorganization activities, Munksjö will book non-recurring costs of approximately Euro 5 million in the 3Q 2015.
Munksjö is a world-leading manufacturer of advanced paper products developed with intelligent paper technology.
