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.
Stora Enso Timber was founded in 1999 and operates in Estonia from 2003. The company supplies sawn and processed softwood products to the construction and joinery industries and the wood products trade. Currently in Estonia the company owns one component mill in addition to four sawmills and employs altogether about 765 workers in the country.
Stora Enso is planning to close down Sauga Sawmill in June 2007 due to a continuous shortage of raw material, which results in higher costs and unprofitable operations. Sauga Sawmill has 107 employees and Stora Enso Timber is searching for various opportunities for internal redeployment of employees, such as Paikuse, Imavere and Näpi sawmills and Viljandi further processing mill. Stora Enso Timber will be able to redeploy approximately 30 people. The company considers to outplace affected employees to other forest products companies in the Pärnu area. Stora Enso Timber may also finance retraining to take up employment outside the forest products industry.
Eurofound (2007), Stora Enso Timber, Closure in Estonia, factsheet number 65064, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65064.