Restructuring events
European Restructuring Monitor (ERM)
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.
DS Smith Packaging announced the closure of one of its sites, cutting 100 jobs.
One year after the DS Smith group was bought by the American company International Paper, the management decided to close its plant based in Valgelon-La Rochette (Savoie). Local authorities and political representatives have intervened, urging the Ministry of Economy to help reverse the decision or find a buyer for the site. Negotiations and discussions with public authorities are ongoing.
The management board claims a drop in sales and strong competition, notably from Italian and Spanish companies.
In 2025, the company also closed a site in Croatia: DS Smith 2025 - HR.
Eurofound (2025), DS Smith Packaging, Closure in France, factsheet number 203721, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203721.
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