Mondi to close paper mill in Finland | Fin24
  • New Notes

    Long queues have formed in Harare after Zimbabwe released new bank notes and coins.

  • Open Book

    Former President Jacob Zuma says the public protector can access his tax records.

  • Electricity

    Sowetans should pay rate of R150/month to foster a payment culture, says an ANC councillor.


Mondi to close paper mill in Finland

Apr 10 2015 14:36

Helsinki - Mondi, South African paper maker said on Friday it is planning to close its loss-making mill in Lohja, Finland, which employs 150 people.

Mondi bought the mill in 2008 and decided to close part of its production capacity last year. The plant makes speciality papers for packaging, food services, the hygiene and medical industries.

"The reason for the closure is the operation's prolonged unprofitability," Mondi said in a statement.

Negotiations with workers' representatives have started, and the plan is to stop production in June.

"This is the worst possible news for the mill's workers... The negotiations must address the grounds and the impacts of the planned measures, as well as alternative steps," said Jari Uschanov from trade union Pro.

The Finnish paper industry has lost thousands of jobs in recent years as companies such as Stora Enso and UPM-Kymmene closed several mills, due largely to the decline in demand for newsprint and magazine paper.

mondi  |  finland  |  industrial


Read Fin24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

What do you think about private healthcare in SA?

Previous results · Suggest a vote