Mondi Increases Prices and Cuts Jobs Amid Rising War Risks
Mondi has announced price hikes and job cuts in response to rising costs linked to the US-Israel war on Iran and Lebanon. The company reported a slight decline in first-quarter EBITDA to €212m, citing higher energy and input costs, while sales volumes improved in some segments. The company plans to implement pricing increases fully by the third quarter.
Topics: cost management geopolitical risks job cuts operational challenges price hikes