The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Wood And Paper Materials Manufacture Of Paper And Paper Products 17.12 - Manufacture of paper and paperboard
1,150 jobs Number of planned job losses
Announcement Date
15 June 2023
Employment effect (start)
15 June 2023
Foreseen end date
Description
Finnish paper and forestry company Stora Enso has announced plans to cut 1,150 jobs from its EU workforce. The company will permanently close down its Sunila pulp production unit in Finland, the De Hoop containerboard site in the Netherlands, one containerboard line at its Ostrołęka site in Poland, and the Näpi sawmill in Estonia. The closures would target a reduction of approximately 600 employees. Stora Enso will also initiate negotiations regarding a planned reduction of office employees, and there approximately 300 employees will be dismissed. As part of this EU-wide plan, the company has completed a majority of the change negotiations in its Packaging Materials division already, with a reduction of approximately 250 positions in its management and support functions. The restructuring plan has been attributed to increased competition for pulp wood and reduced imports of wood from Russia.
Restructuring events that have been a result of this EU-wide plan for Stora Enso have been recorded in the ERM database, including 185 job cuts in the Netherlands (Stora Enso-2023-NL), 100 in Estonia (Stora Enso-2023-EE) and a further 250 job cuts in Finland (Stora Enso-2023-FI).
Eurofound (2023), Stora Enso, Closure in European Union, factsheet number 109209, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/109209.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
