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 17.12 - Manufacture of paper and paperboard
600 jobs Number of planned job losses
Announcement Date
12 June 2009
Employment effect (start)
15 June 2009
Foreseen end date
Description
Norske Skog, a world leading producer of newsprint and magazine paper, is to dismiss 600 people worldwide (9% the total workforce). The restructuring will affect 80 workers at Norske Skog Follum (Hønefoss in Norway), 200 at Norske Skog Parenco (Holland), and 320 at other locations (not announced). The job losses are attributed to the need to cut costs. Norske Skog has 16 paper mills around the world and its operating revenue in 2007 was approximately NOK 27 billion.
Sources
13 June 2009: Dagens Næringsliv
Citation
Eurofound (2009), Norske Skog, Internal restructuring in World, factsheet number 69078, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69078.
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