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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
288 jobs Number of planned job losses
Announcement Date
30 September 2009
Employment effect (start)
Foreseen end date
Description
Metso Paper, marchinery and equipment supplier for the pulp industry, has announced a workforce reduction of 288 at its units in Sundsvall, Karlstad, and Hagfors. Reductions will affect all personnel groups; 168 in Sundsvall and 94 in Karlstad will be made redundant. Negotiations should be finished by the end of 2009.
The Fiber Business Line has initiated major changes in its operating model and organizational structure to adapt to georgraphic shifts in the industry as well as declining demand. The reductions are part of the process to streamline FBL's operations and cost structure, to improve its competitiveness in a changing business environment.
Sources
30 September 2009: Dagens Industri
Citation
Eurofound (2009), Metso Paper, Internal restructuring in Sweden, factsheet number 69627, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69627.
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