Sweden – SCA to cut 1,500 jobs

Swedish hygiene and paper products maker SCA is to cut jobs, affecting 1,500 people, as part of a move to reduce annual costs by around 300 million euros ($385 million)…

“About 1,500 employees are affected and costs are expected to be some 100 million euros,” chief executive Jan Johansson said in a statement ahead of the company’s capital markets day…

via UPDATE 1-SCA to cut costs, 1,500 jobs affected | Reuters.