Sodra to Cut 260 Jobs as Part of Cost Saving Measures

To be able to face up to international competition, we have to undertake measures to reduce our costs." —Gunilla Saltin, Acting CEO, Sodra.

Sept. 26, 2012 - Swedish pulp maker Sodra said that it will cut 260 jobs as part of the company's efforts to reduce costs.

According to Sodra, the move is being taken in order to deal with international competition at a time when the economic situation is poor and significant fluctuations in currency exchange rates have exacerbated the situation.

The measure will affect all Swedish business areas and staff at all levels, the company said.

"Sodra operates in an international market. Just like other companies, Sodra is affected by the prevailing economic situation and trading conditions," said Gunilla Saltin, Acting CEO at Sodra.

"The outlook for our main markets remains uncertain. To be able to face up to international competition, we have to undertake measures to reduce our costs," Saltin said.

Trade union negotiations begin immediately, Sodra noted.

SOURCE: Sodra