Restructuring events
European Restructuring Monitor (ERM)
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.
M-real, a Scandinavian paper manufacturer, will close its paper pulp plant in Alizay reducing 103 jobs. Production in Alizay has already stopped in March 2009. 94 employees are to be dismissed directly. The company justifies the closure with the plant being in deficit and the low demand for its products.
M-real employs 412 workers in its three French sites. The other locations will not be affected by the restructuring.
Eurofound (2009), M-real, Closure in France, factsheet number 70218, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70218.