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STORA ENSO OYJ ORD - $SEOJF STOCK NEWS

Welcome to our dedicated page for STORA ENSO OYJ ORD news (Ticker: $SEOJF), a resource for investors and traders seeking the latest updates and insights on STORA ENSO OYJ ORD stock.

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Rhea-AI Summary
Stora Enso Oyj plans to initiate a new profit improvement program targeting an annualized EUR 80 million improvement of the operational EBIT, potentially leading to a reduction of approximately 1,000 employees. The majority of the savings would materialize during 2025, and the larger part of the employee reductions are planned to take place during the first half of 2024. The program is designed to improve the company's long-term competitiveness by focusing on core business activities without any new production site closures. Stora Enso completed a restructuring program in 2023, resulting in an annual operational EBIT improvement of EUR 110 million and 1,150 employee reductions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.08%
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