Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Stora Enso’s Gruvön CLT Closure Affects About 80 Jobs

Stora Enso’s Gruvön CLT Closure Affects About 80 Jobs

BitgetBitget2026/10/22 09:08
  • Stora Enso will permanently close its Gruvön cross-laminated timber production unit in Sweden by the end of 2026, affecting approximately 80 positions.
  • Negotiations over personnel impacts will continue; no redundancies will take effect before those talks conclude.
  • Slower-than-expected market growth, rising wood costs and relatively high fixed production costs have pressured the unit's profitability.
  • Affected employees will receive relocation assistance, career transition coaching and support exploring internal job opportunities.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Stora Enso Oyj published the original content used to generate this news brief on October 22, 2026, and is solely responsible for the information contained therein.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

AstraZeneca (AZN.US) Q3 profit growth surpasses expectations, driven mainly by oncology drugs

AstraZeneca (AZN.US) released its Q3 2026 results on October 30th. At constant exchange rates (CER), total revenue for the quarter increased by 7% year-on-year to $16.209 billions.

智通财经•2026/10/30 08:18

BP.US Q3 profits soar to 18-year high: Refining business becomes 'money-printing machine', CEO's reforms encounter strong tailwind

Benefiting from a surge in refining profit margins, BP's quarterly profit jumped to its highest level in 18 years.

智通财经•2026/10/30 08:04