Tissue paper giant Essity will reduce approximately 100 positions for Essity in Sweden. Union negotiations have been initiated. The company writes in a press release. The move is part of a “group-wide cost-saving program” that Essity presented in October 2025, which included a reduction of approximately 800 positions globally.
The cost-saving program, which mainly includes sales and administrative costs, is estimated to provide annual savings of approximately SEK 1 billion with full effect by the end of 2026, according to Essity.
At the same time, the company announces at an investor conference that they have not yet been affected by rising energy prices thanks to “price hedging”. The company has secured around 80 percent of its gas purchases for the first quarter and over 50 percent for the full year 2026, according to the news outlet Dagens Industri. Transportation costs are not included, but these are estimated to account for a smaller portion of the cost of goods sold. The company is preparing to adjust its prices as a way to counter the cost increases.
Essity purchases around 6 TWh of fossil gas annually, which corresponds to 60 percent of Sweden's total gas consumption.
