Ueternser Papierfabrik

Type
Internal restructuring
Country
Germany
Region
Schleswig-Holstein; Schleswig-Holstein; Pinneberg
Location of affected unit(s)
Ueternsen
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
17.1 - Manufacture of pulp, paper and paperboard
17.12 - Manufacture of paper and paperboard
100 jobs
Number of planned job losses
Job loss
Announcement Date
27 October 2005
Employment effect (start)
1 January 2005
Foreseen end date
31 October 2006

Description

Ueternser Papierfabrik, a daughter company of swedish-finnish Stora Enso, will cut around 100 jobs. Around €5 Million have to be saved in order to fulfill the headquarters' profit targets. The management says that it wants socially acceptable solutions to the problem.

Sources

Citation

Eurofound (2005), Ueternser Papierfabrik, Internal restructuring in Germany, factsheet number 62504, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62504.