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.
Manufacturing Manufacture Of Wood And Paper Materials Manufacture Of Paper And Paper Products 17.12 - Manufacture of paper and paperboard
350 jobs Number of planned job losses
Announcement Date
30 October 2006
Employment effect (start)
Foreseen end date
Description
The Finnish paper manufacturer Myllykoski announced on 30 October 2006 its plans to close its manufacturing plant at Dachau. Overcapacity is given as a reason. The Dachau plant currently employs a workforce of 350. No time line is given.
According to Myllykoski a yet unknown number of employees shall find new jobs at a new plant at Platting, Bavaria which will start operation in 2008 and is planned to employ a workforce of 130.
Myllykoski, one of the largest international paper manufacturer, employs an international workforce of 3,700 at nine plants.
Sources
31 October 2006: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2006), Myllykoski, Closure in Germany, factsheet number 64385, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64385.
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