NewPage-Stora Integration Costs Jobs, ForcesPlant Closures
MIAMISBURG, OH—The integration of NewPage and the former Stora Enso North America’s facilities and services is going to be painful from an employment standpoint, but is projected to aid in the company’s quest to achieve $265 million in synergies.
The operations are being merged in a way that will see the paper company actually increase its North American production between 3 percent and 8 percent in 2008 compared to the combined production realized in 2007, according to Mark Suwyn, chairman and CEO of NewPage. The moves are as follows:
- Companies:
- NewPage Corp.
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