Arctic Paper to Cut 45 Jobs at Munkedals Mill in Sweden

Arctic Paper Munkedals, Sweden

Feb. 2, 2011 - Arctic Paper said that it will reduce staff at its Munkedals paper mill in Sweden by about 45 employees. The measure is part of the company's on-going profit improvement plan

Negotiations with the trade unions at the mill have been initiated, Arctic said.

“We expect that Arctic Paper Munkedals will meet its financial targets this year," said Micha? Jarczy?ski, CEO of Arctic Paper S.A. "The mill offers unique high quality products, we are developing new product offers and the Munken brand is well recognized.”

Arctic Paper S.A. is one of the leading European manufacturers of bulky book paper and graphic fine paper. The group produces high quality coated, uncoated wood-free and uncoated wood-containing papers at four mills: Kostrzyn, Poland; Munkedals and Grycksbo, Sweden; and Mochenwangen, Germany. Total production capacity of the Group is 810,000 metric tonnes of paper per year.

SOURCE: Arctic Paper