Finnish sawmills face layoffs this fall and winter due to weak demand

This year and next year, the Finnish forest industry will have to adapt to declining demand and increased production costs. Production and exports will decrease, and there may be more closures of factories or production lines, estimates the Finnish Pellervo Taloustutkimus PTT's forest industry forecast. In particular, the demand for softwood lumber is expected to drop drastically because the construction industry is freezed both in Finland and worldwide. "Next year, the demand for the products of the chemical forest industry will recover slightly, but the wood products industry is facing another year of weak demand," sums up forest ...