Stockholm, Sweden 27 September 2012 -- Holmen’s paperboard mill in Iggesund is to make its operations more efficient, with employee numbers being cut from 900 to 800. The intention is for the cuts to be made through normal personnel turnover (retirement) over a two-year period.

“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,” says Björn Kvick, President of Iggesund Paperboard.

The cuts will be made through various initiatives such as reviewing the sheeting and wood chipping operations. SEK 2.3 billion has recently been invested at the mill in a new recovery boiler, laying the foundations for maintaining the company’s competitive edge in the future.