In its recent Annual report, Mondi announced the closure of three further sites in the last three months, a corrugated plant in Türkiye and paper bag plants in Hungary and Germany.
“We will continue to serve our customers out of alternative plants in our network, which have the required know-how and capacity to ensure a smooth and seamless transition,” said the company in the report.
“We continue to execute targeted cost-out initiatives with a clear mandate: drive efficiency, eliminate non-essential activities and strengthen the core revenue-generating areas of the business. While we have increased headcount to support capacity expansion projects and respond to higher customer demand, we have streamlined the overhead structure and operational headcount where appropriate. Over the past 12 months we have reduced headcount by approximately 1,000, driven from greater efficiency in our operations, plant closures, and a 13% reduction in Group Services offices. The three recently announced plant closures will further reduce headcount by approximately 200.
“We combined Corrugated Packaging and Uncoated Fine Paper into a single business unit. This facilitates a more streamlined organisation supporting faster decision making, cost take-out and delivery of operational synergies across our pulp and paper mills while retaining our customer focused value chain orientation.”
