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Norske Skog ASA ( (DE:0BQ) ) has shared an update.
Norske Skog is implementing cost-reducing measures, including downsizing up to 200 full-time employees from 2025 to 2027, to combat declining demand in the publication paper market and inflation in energy and raw material prices. These efforts aim to strengthen competitiveness and profitability without affecting production capacity or customer deliveries.
More about Norske Skog ASA
Norske Skog is a leading producer of publication paper and packaging with four high-quality industrial sites, strong market positions, and close customer relations in Europe. The company aims to diversify its operations and transform into growing and high-margin markets through various development projects. It employs approximately 1,700 people, is headquartered in Norway, and is listed on the Oslo Stock Exchange under the ticker NSKOG.
Average Trading Volume: 135,721
Current Market Cap: NOK1.54B
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