Norske Skog to cut up to 200 jobs by 2027 in efficiency drive

Norske Skog is implementing efficiency processes to improve competitiveness and profitability. Facing declining demand in publication paper, overcapacity, low margins, and significant inflation in energy and raw material prices, the company has reviewed its cost base.

The measures include downsizing operational and support functions across all units, leading to a reduction of up to 200 full-time employees between 2025 and 2027. This will primarily occur through natural attrition and hiring freezes, ensuring no impact on capacity or deliveries. Chief executive Geir Drangsland stated these actions will significantly lower costs and strengthen the company's competitive edge.

Norske Skog, with approximately 1,700 employees and listed on the Oslo Stock Exchange, continues its transformation towards growing, high-margin packaging markets. The efficiency improvements are expected to enhance profitability despite ongoing price pressure on some products.