According to the plans, converting operations at Páty mill in Hungary will be permanently closed down by the end of the third quarter of 2012. The planned closure would affect 79 employees at Páty.The proposed restructuring measures at the Barcelona consumer cartonboard mill will reduce the number of employees by 15 people. No decisions will be taken until after the local co-determination negotiations have concluded.“Demand for corrugated board consumer packaging has significantly weakened in Hungary, so we plan to centralise our operations in Hungary to Komarom mill and close down Páty mill. As a part of the plans, Komarom Mill would be enhanced with asset transfers and recruitment so it can better meet customer and market needs. The efficiency measures planned in Barcelona are intended to improve the mill’s profitability. The plans announced today, in combination with earlier announcements, would improve Renewable Packaging’s cost competitiveness,” says Mats Nordlander, Executive Vice President, Renewable Packaging.These restructuring measure plans, together with ongoing efficiency plans at Skoghall and Fors mills in Sweden and at Imatra in Finland, would reduce annual costs by approximately seven million Euros, starting gradually from the fourth quarter of 2012 onwards.Stora Enso will record a restructuring provision and a fixed asset write-down as non-recurring items of approximately nine million Euros related to the restructuring plans in the Renewable Packaging Business Area in the first quarter 2012 operating profit.