Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Wood And Paper Materials
Manufacture Of Paper And Paper Products
17 - Manufacture of paper and paper products

1,700 jobs
Number of planned job losses
Job loss
Announcement Date
11 September 2008
Employment effect (start)
Foreseen end date
31 December 2010

Description

Stora Enso, a Finnish-Swedish pulp and paper manufacturer, has announced plans for significant staff reduction resulting in 1,700 job losses, including 600 employees in Germany, 550 in Finland, 400 in Russia and 150 in other countries by the end of 2010. About 1,450 employees are planned to be transferred to a new specialised maintenance joint-venture with Swiss-Swedish company ABB in Finland. Stora Enso is operating in more than 40 countries and currently employs 36,000 people.

For more information, see EIRO report.


Sources

  • 11 September 2008: Hospod├írske noviny

Citation

Eurofound (2008), Stora Enso, Internal restructuring in World, factsheet number 67068, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67068.