Metsä Tissue launches a program aiming at saving Euro 25 million in annual fixed costs. Related to this, Metsä Tissue starts co-determination negotiations in order to improve internal efficiency, focus and reduce complexity in Tissue Business, as the company says in the press release received by Lesprom Network.
Planned restructuring can lead to organizational changes, such as job changes and redundancies. Co-determination negotiations in Sales & Marketing, Supply Chain, Finance and HR organizations will commence in February 2019 in compliance with labour-laws in each country. Estimated reduction is approximately 90 in total, where highest savings target is planned to be in consumer business in Central Europe and CEE. Program will be finalized during the second half of 2019.
Greaseproof Papers and Operations are not included in the above mentioned co-determination negotiations. Also this review is part of the Euro 25 million fixed costs saving program.
Metsä Tissue is a leading tissue paper products supplier to households and professionals in Europe and the world’s leading supplier of greaseproof papers.
