Holmen to Trim 100 Jobs at Iggesund Paperboard Over the Next Two Years

Iggesund Paperboard in Sweden.

Sept. 27, 2012 - Holmen said that over the next two years the company will trim 100 jobs at its paperboard mill in Iggesund, Sweden in an effort to reduce operating costs. The mill operation currently employs about 900 people.

"The intention is for the cuts to be made through normal personnel turnover (retirement) over a two-year period," Holmen said in a statement.

“We are active in a market that is subject to fierce competition and that is under immense cost pressure. High-quality products and high productivity are our competitive weapons, but we also need to constantly review our costs,” said Bjorn Kvick, President of Iggesund Paperboard.

Holmen said the cuts will be made through various initiatives such as reviewing the sheeting and wood chipping operations.

Holmen recently invested SEK 2.3 billion at the mill in a new recovery boiler.

The Iggesund mill is an integrated facility that manufactures solid bleached board from chemical pulp. The mill operates two board machines with a combined annual capacity of 330,000 tonnes of paperboard.

SOURCE: Holmen