Stora Enso

Type
Internal restructuring
Country
European Union
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Wood And Paper Materials
Manufacture Of Paper And Paper Products
17.1 - Manufacture of pulp, paper and paperboard
2,000 jobs
Number of planned job losses
Job loss
Announcement Date
21 October 2005
Employment effect (start)
Foreseen end date

Description

The paper and packaging producer Stora Enso has announced that it will implement two competitiveness improvement programmes in Europe. Some 2,000 employees will be laid off as part of these plans, half of them white-collar. The company specified that slightly more than half of them would be in the Nordic countries and the rest elsewhere in Europe, but that no specific unit would be especially affected. The final personnel reduction number will be determined after the local negotiations are completed. Possible outsourcing might reduce the workforce by a further 600-700 people.

Sources

  • 26 October 2005: Dagens Nyheter
  • 27 October 2005: Press release by Stora Enso

Citation

Eurofound (2005), Stora Enso, Internal restructuring in European Union, factsheet number 62462, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62462.