Iggesund Paperboard is making 50 staff redundant at its Workington paperboard mill due to its "unsatisfactory profitability".
Iggesund Paperboard president Bjrn Kvick said the measures had been taken as "part of a drive to improve efficiencies and increase production".
Kvick said the cuts would not affect production staff, but would mainly affect "white collar workers on the technical and planning side".
"We are increasing the speed of how we handle the business as part of a package to improve efficiencies," Kvick said.
The mill has 525 employees. Iggesund Paperboard recently completed a 51m investment that involved the introduction of its new folding boxboard, Incada, which is the only product made by the group at Workington (PrintWeek, 19 October).
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"Sad to see another print company facing financial trouble. The industry is tough, and this highlights the ongoing challenges many are facing. Hope employees and customers get clarity soon."
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