Arctic Paper

Type
Internal restructuring
Country
Sweden
Region
Södra Sverige; Västsverige; Västra Götalands län
Location of affected unit(s)
Munkedal
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
50 jobs
Number of planned job losses
Job loss
Announcement Date
7 September 2006
Employment effect (start)
Foreseen end date

Description

The paper producer Arctic Paper will cut 50 out of 400 jobs at its unit in Munkedal, as announced on 7 September 2006. The CEO of the company, Gustaf Söreklint, explained that the decision was made as a result of the increase in energy prices and the overpoduction of high-quality paper in Europe. The redundancy plan is expected to lead to savings of some 20 millions SEK per year.

Sources

  • 8 September 2006: Sveriges Radio
  • 7 September 2006: Dagens Arbete

Citation

Eurofound (2006), Arctic Paper, Internal restructuring in Sweden, factsheet number 64068, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64068.