Billerud initiates cost savings to strengthen competitiveness

Packaging Solutions

Billerud has decided to launch a cost saving programme targeting annualised savings of SEK800 million. The planned cost savings will affect the company’s European operations and group functions globally and will include reduction of up to 650 positions. 

The programme is expected to have a noticeable positive impact from the first quarter of 2026, and to reach full effect at the end of 2026. The measures will focus on reducing fixed costs through strict cost prioritisation, streamlined ways of working and personnel reductions across all functions and locations. 

‘In this challenging market situation for the European paper and packaging industry, we must maintain our focus and accelerate progress within items that we can control. With this programme we are taking proactive measure to reduce our cost base even further and strengthen Billerud’s long term competitiveness and profitability,’ said Ivar Vatne, president and CEO.