Wood Markets News


Stora Enso Oyj Halts All Exports and Imports From Russia

On Tuesday (3-2-22), Stora Enso Oyj, the Helsinki Finland-based integrated paper, packaging, and forest products company, which operates three corrugated packaging plants and two wood products sawmills in Russia, said it will stop all exports and imports to and from Russia. The company also announced that a mitigation plan has been activated to secure availability of input materials from other sources.

Oregon State Senate Votes to Approve Private Forest Accord Compromise Legislation

By a vote of 22-5, the Oregon State Senate voted on Tuesday (3-2-22) in favor of Senate Bill 1501, the Private Forest Accord compromise. The 44-page bill expands no-harvest buffers around streams, implements stricter requirements for roadbuilding, prioritizes non-lethal control of beavers, and creates a new modeling system to avoid and mitigate the effects of landslides.

U.S. Job Cuts Declined While Hiring Increased in February 2022

According to the latest Job Cut Report from Challenger, Gray & Christmas (CG&C), Inc, a global outplacement and business and executive coaching firm, U.S.-based employers announced 15,245 cuts in February 2022. This is a 20% drop from January’s total announced cuts of 19,064. In February, U.S. based employers announced plans to hire 215,127 workers, the highest February total on record.