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Metsä Tissue launches €25m fixed cost saving programme

Metsä Tissue has launched a fixed cost saving programme as part of its operational review.

It is aiming to save €25m in annual fixed costs and has started co-determination negotiations in order to improve internal efficiency, focus and reduce complexity in the Tissue Business.

It said that the planned restructuring could lead to organisational changes, such as job changes and redundancies.

Co-determination negotiations in sales and marketing, supply chain, finance and HR organisations will commence in February 2019.

The estimated reduction is approximately 90 in total and the highest savings target is planned to be in the consumer business in Central Europe and CEE.

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