Norske Skog

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
17.1 - Manufacture of pulp, paper and paperboard
17.12 - Manufacture of paper and paperboard
600 jobs
Number of planned job losses
Job loss
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://apps.eurofound.europa.eu/restructuring-events/detail/69078.