Stora Enso notices oversupply in the sawn timber market

Stora Enso notices oversupply in the sawn timber market
Finnish-Swedish forest industry company Stora Enso is preparing for oversupply in the sawn timber market.    Stora Enso Wood Products has completed employer-employee negotiations at its pine sawmills in Lappeenranta and Joensuu and its spruce sawmill in Kitee in Finland.    As a result, the entire personnel of the three sawmills may be temporarily laid off for a period of up to 90 days by April 2019 if necessary. If implemented, the intention of the lay-offs is to bring production volumes to a level that matches market demand.    ...

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