Daily Recession covers the world as it goes into recession. The financial crisis, stock market crash, bankruptcies, job cuts, and the turmoil that follows.

Stora Enso to cut 240 jobs

Posted: February 11th, 2012 | Author: | Filed under: By Location, Finland, France, Germany, Sweden | Tags: , | No Comments »

Forest industry giant Stora Enso announced 240 job cuts from its mills in Finland, Sweden, France and Germany.

Some 40 jobs are to go at its Veitsiluoto Mill in the northern Finnish town of Kemi although a sizable machine investment has also been unveiled.