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
1,700 jobs Number of planned job losses
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.
Eurofound (2008), Stora Enso, Internal restructuring in World, factsheet number 67068, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67068.
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