May 03, 2011. /Lesprom Network/. Stora Enso's Fine Paper Business Area is re-evaluating its working methods and building a new business model to increase cost competitiveness. According to the plans, Stora Enso would restructure operations at Nymolla mill in Sweden. At Uetersen mill in Germany the plan is to restructure operations more towards Speciality Papers and at Oulu mill in Finland, together with the sheeting plants in Belgium and the United Kingdom, find the most efficient way to utilise the converting capacity and streamline operations, as the company said in a press release received by Lesprom Network. "The plans announced today would make Stora Enso Fine Paper more flexible and cost efficient, and so better able to meet customer and market expectations. Fine paper demand is still clearly below pre-crisis levels, and there are no signs of sustained recovery. We have been successfully remodelling our operations during the past few years, and now we plan to continue on the chosen path of improving our existing businesses. We are comparing the best practices at all our mills so we can continuously adopt the most efficient ways of working. Similarly, we need to question our way of running the operations. These plans are part of rethinking in Stora Enso, but of course rethink means much more for us, such as new products and services, new solutions with our customers - better solutions for the future," says Hannu Alalauri, EVP, Fine Paper Business Area. Stora Enso Fine Paper plans to reduce annual costs by approximately Euro 20 million, starting during 2011 with all actions to be completed by the end of the 2Q 2012. The proposed restructuring measures would affect altogether up to 285 employees in Finland, Sweden, Germany, Belgium and the United Kingdom. Stora Enso will record a cash provision of approximately Euro 16 million as a non-recurring item in its 2Q 2011 operating profit. The plans would not affect the Business Area's paper production capacities. Stora Enso is the global rethinker of the packaging, paper and wood products industry.