Restructuring events
European Restructuring Monitor (ERM)
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.
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.
Eurofound (2006), Myllykoski, Closure in Germany, factsheet number 64385, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64385.