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.
Finnish paper and paperboard manufacturer M-Real is cutting 44 jobs from its Äänekoski paper mill.
The company cites attempts to improve its profitability as the basis for the reductions. Staff reductions will be completed by the end of 2011. The unit produces high-quality coated paper.
Company and the city of Äänekoski are exploring other employment for workers who will be dismissed. The company is investing in another unit in Äänekoski. This investment will be concluded during the summer 2011.
Eurofound (2010), M-Real, Internal restructuring in Finland, factsheet number 71021, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71021.