Billerud has decided to launch a cost saving program targeting annualized savings of SEK 800 million. The planned cost savings will affect Billerud's European operations and Group functions globally and will include reduction of up to 650 positions.
After an initial mill closure announcement, efforts had been made to find a buyer. However, those efforts did not find success, and the company announced they would close on Aug. 10 and lay off 780 workers.
