2007-11-07 15:30:00 CET

2007-11-07 15:30:00 CET


REGULATED INFORMATION

Stora Enso Oyj - Company Announcement

Stora Enso announces support actions for employees affected by the planned restructuring measures in Finland


Stora Enso has launched actions, in close co-operation with the local
employment and business centres and the Finnish government, to support the
employees affected by the planned restructuring measures in Finland announced
on 25 October 2007. The planned actions described below, which includes
financial and other resource support for re-employment, retraining and
relocation, as well as start-up assistance for new businesses, is being
proposed as part of the codetermination negotiations at Kymenlaakso and
Kemijärvi. 

“We said in our press release of 25 October announcing the planned mill
closures and staff reductions that Stora Enso will together with the local
authorities, proactively, and beyond the requirements of the applicable labour
laws, help the affected employees to find alternative employment in existing
and potential new businesses. Whereas financial support has all along been part
of the restructuring plan, we believe announcing individual financial sums
before the co-determination negotiations would not be in the best interest of
our employees, so we wanted the local representatives of our employees to be
the first to hear our actual, concrete proposals. We have worked
collaboratively with the government representatives and local employment
authorities since 25 October in order to maximise the benefit of these support
actions on affected employees and their families. The proposed actions includes
the most important steps we have identified to help our employees through this
difficult process of change,” says Aulis Ansaharju, Country Manager Finland and
EVP Fine Paper. 

Stora Enso will assist in the development of ideas for new businesses and new
jobs in Kymenlaakso and Kemijärvi. Stora Enso will also financially support
temporary projects undertaken jointly with local employment and economic
development centres and municipalities. 

Stora Enso has today committed EUR 5 million for the actions in Kemijarvi and
Kymenlaakso to support the programme already announced by the Finnish
government. 

Stora Enso will use its internal job market to help employees willing and able
to relocate to find alternative employment within the Group. For employees made
redundant, Stora Enso will also extend the period for offering re-employment
from the legally obligatory nine months to twenty-four months. 

Stora Enso also plans to offer the following: 
-	Stora Enso will help and financially support retraining of redundant
employees to enable them to find alternative employment. 
-	Stora Enso will assist in the creation of new businesses.  Some early ideas
have been raised; announcements will be made when real agreements with the
creation of new jobs have been reached 
-	Stora Enso will pay reasonable relocation expenses during the obligatory
re-employment period and pay one month's salary to cover resettlement expenses. 
-	If an employee finds a new job during the term of notice, Stora Enso will
enable the employee to start the new job as soon as possible, and continue to
pay the employee's salary until the end of the term of notice. 
-	occupational health care:
o	Any treatments in progress will be completed and retiring or redundant
personnel can utilise Stora Enso's occupational health care services for one
year after their employment ends. 
o	Redundant personnel can if required take a medical test before leaving the
company at Stora Enso's expense. 


Stora Enso is also preparing corresponding actions, adapted to local practices,
to support employees in other affected countries. Further updates on progress
of supporting our employees affected will be given in due course. 


For further information, please contact:
Aulis Ansaharju, Country Manager Finland and EVP Fine Paper, tel. +358 400 480
984 
Jarmo Alm, HR Manager Finland, tel. +358 2046 21201 



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Stora Enso Oyj

pp.	Leena Bergqvist		Jukka Marttila