STOCKHOLM – Swedish textile recycler Renewcell is aiming to cut its workforce by a quarter – reducing operating costs by SEK 35 million (£3.4m) a year – in a bid to boost sales of its Circulose pulp.
Renewcell, which opened the world’s first scale textile-to-textile recycling plant a year ago, has hit financial difficulties after failing to ramp up sales of Circulose as quickly as anticipated.
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