In accounts released this week, the firm said it would close paper machines in four plants worldwide, totalling 405,000 tonnes of capacity.
Stora also plans to divest four paper mills with a combined capacity of 835,000 tonnes, and two sawmills in Sweden and Finland which have a combined capacity of 340,000 cubic metres.
Four other paper mills in the group, with a combined capacity of 1.125m tonnes, are "under scrutiny".
The cutbacks will affect around 2,300 staff as part of a reorganisation of the paper group's financial services.
Further outsourcing could lead to another 600-700 of Stora's 45,000-strong workforce being laid off.
The paper manufacturer announced the plans, which aim to provide annual savings of 204m (300m) and form part of its Profit 2007 and Asset Performance Review programmes, as it revealed its third-quarter results for 2005.
Third-quarter sales were up 6.1% to 2.1bn while pre-tax profits fell 24% to 63.1m.
Chief executive Jukka Hrml said orders had been affected by the aftermath of the Finnish strikes, rising raw material costs, over-capacity and increased competition.
Planned cutbacks (tonnage)
Machine closures
- Corbehem, France: 250,000
- Varkaus, Sweden: 95,000
- Hammarby, Sweden: 35,000
- Stevens Point, US: 25,000
Mill divestments
- Wolfsheck, Germany: 155,000
- Grycksbo, Sweden: 28,000
- Pankakoski, Finland: 95,000
- Celbi, Portugal: 305,000
Up to 2,300 jobs at risk as Stora Enso cuts back
As part of its plan to improve profits, Stora Enso is looking at stripping up to 2.3m tonnes per year of production from its mill operations and cutting up to 2,300 jobs.
