M-real has completed the negotiations on Wifsta mill integration
Jun 30, 2005. M-real has completed the negotiations with employee representatives concerning the integration of the Wifsta fine paper mill in Sweden into the Husum pulp and paper mill.
Jun 30, 2005. /Lesprom Network/. M-real has completed the negotiations with employee representatives concerning the integration of the Wifsta fine paper mill in Sweden into the Husum pulp and paper mill. The aim of the changes is to achieve total annual cost savings of at least Euro 22 million. All in all, the reduction of employees will be 200 by the end of 2006, resulting in an Euro 15 million non-recurring cost item that will burden the second-quarter result.