Large sawmill to close down in Finland

The forest company MM Kotkamills is closing down its sawmill operations in Kotka, Finland and laying off 64 employees from the sawmill. The company has concluded the change negotiations regarding the closing of the sawmill. MM Kotkamills CEO Päivi Suutari considers the situation unfortunate. ''The operation of the sawmill has been unprofitable for a year already, and there has been no significant change for the better. In addition, the price of logs has remained high, and the selling prices of sawn timber are low. It's an equation that boils down to unprofitability,'' Suutari said. In ...

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