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Evening Standard
Evening Standard
Business
Holly Williams

Mondi cautions over Iran war cost hikes as it shuts plants across Europe

Mondi Euro Europe Donald Trump
Paper and packaging group Mondi has said it is taking pricing action to offset higher costs due to the Iran war amid ongoing tough trading that has seen it close factories and cut jobs across Europe (Alamy/PA) -

Paper and packaging group Mondi has said it is taking pricing action to offset higher costs due to the Iran war amid ongoing tough trading that has seen it close factories and cut jobs across Europe.

The group – headquartered in Weybridge, Surrey – said 450 jobs were being axed this year after plans announced earlier this month to shut another three factories in Hungary, Poland and Germany.

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