Swedish Forestry Firm Södra Cuts 200 Jobs Amid Challenges
Swedish forestry company Södra is eliminating 200 jobs across four locations. The cuts respond to negative profitability and challenging global market conditions. This continues a trend of workforce reductions in Sweden's forestry sector.
Swedish forestry group Södra announced 200 job cuts today. The company says it needs to address negative profitability and challenging market conditions.
CEO Lotta Lyrå stated the company must take decisive action for long-term strength. She made these comments in an official company announcement.
Södra operates as both a forest owner association and international forestry business. The job cuts affect positions in four Swedish towns: Mönsterås, Mörrum, Värö and Växjö.
What caused this decision? The company points to rapid currency changes, geopolitical uncertainty, and unsustainable pricing between raw materials and finished products.
Union negotiations are now underway about the 200 affected positions.
This marks another major cut in Sweden's forestry sector. Billerud announced 650 job eliminations in September alone.
The forestry industry faces real pressure from global economic shifts. Companies must adapt quickly when market conditions turn unfavorable.