Ahlstrom Corporation concludes its profit improvement program with measures affecting a total of 57 people in different locations.
Ahlstrom has decided to reduce 35 employees at its Jacarei plant in Brazil, part of the Label and Processing business area, due to the weakened market conditions in coated papers in South America. In addition, streamlining measures at other plants affect a total of 22 people.
The measures announced recently are the final steps in the profit improvement program, announced on October 18, 2011. Under the program, the company announced profit improvement measures impacting a total of 362 employees in various plants worldwide. The program is expected to improve annual operating profit by approximately EUR 15 million starting from the year 2012. The overall impact of the non-recurring items of the program is cash neutral.
Ahlstrom will make every effort in supporting employees affected by the change.
