Holmen Paper and Holmen Timber

Type
Internal restructuring
Country
Sweden
Region
Location of affected unit(s)
Braviken, Hallstavik, Wargön
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
17 - Manufacture of paper and paper products
17 - Manufacture of paper and paper products
310 - 360 jobs
Number of planned job losses
Job loss
140 jobs
Number of planned job creations
Job creation
Announcement Date
26 October 2007
Employment effect (start)
26 October 2007
Foreseen end date
1 January 2009

Description

Holmen-koncernen, a group that operates in the pulp and paper sector, has announced that it is to cut 100 jobs at its subsidiary Holmen Paper in Sweden (Hallsta: 40 jobs, Wargön: 20 jobs, Braviken: 40 jobs). In the light of latest developments, the number of job losses at the Hallstavik plant has increased to 250-300.

The job losses are due to high prices for energy, recycling paper and pulp. Holmen-koncernen has also announced that it is to create 140 new jobs at its subsidiary Holmen Timber AB in Sweden. The job creation is a result of the construction of a new sawmill that will involve an investment of 1000 million SEK. Holmen-koncernen employs 3040 in Sweden.

Sources

  • 26 October 2007: Dagens Nyheter
  • 2 November 2007: Svenska Dagbladet
  • 2 November 2007: Dagens Nyheter
  • 11 December 2007: Dagens Industri

Citation

Eurofound (2007), Holmen Paper and Holmen Timber, Internal restructuring in Sweden, factsheet number 66172, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66172.