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 - Manufacture of paper and paper products
310 - 360 jobs Number of planned job losses
140 jobs Number of planned job creations
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66172.
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