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 (16 - 17) Manufacture of wood and paper materials 17 - Manufacture of paper and paper products 17 - Manufacture of paper and paper products
175 jobs Number of planned job losses
Announcement Date
5 August 2008
Employment effect (start)
Foreseen end date
31 December 2008
Description
In early August 2008, paper manufacturer Sappi announced that it is to cut 175 jobs (about 25% of the total workforce) by the end of 2008. The job losses are attributed to rising energy costs and prices of raw materials and the weak US-dollar.
Sources
Citation
Eurofound (2008), Sappi, Internal restructuring in Netherlands, factsheet number 67168, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67168.
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