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Jan 19, 2009

Stora Enso could lay off 5,000 workers

Europe's leading paper and cardboard maker, Stora Enso said yesterday it could temporarily lay off more than 5,000 workers in Finland due to weakened demand.

In a separate statement the company said fourth quarter profit would be hit by 670 million euros ($891 million) in charges due to reduced production and wood inventory write-downs. Stora Enso had previously said it will permanently slash nearly 1,800 jobs in Europe.

Source : Hurriyet DailyNews
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