Type
Internal restructuring
Country
Finland
Region
Manner-Suomi; Etelä-Suomi; Kymenlaakso
Location of affected unit(s)
Kotka
Sector
Manufacturing
Manufacture Of Wood And Paper Materials
Manufacture Of Paper And Paper Products
17.12 - Manufacture of paper and paperboard

100 jobs
Number of planned job losses
Job loss
Announcement Date
9 September 2005
Employment effect (start)
Foreseen end date

Description

On 9 August 2005 the forest company Stora Enso started codetermination negotiations with the employees in order to cut 100 jobs. The restructuring is carried out to improve competitiveness. The jobs cuts will be carried out mainly by early retirement and redeployement measures.


Sources

  • 10 September 2005: Helsingin Sanomat

Citation

Eurofound (2005), Stora Enso, Internal restructuring in Finland, factsheet number 62199, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62199.