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 reduces up to 70 workers from its Simpele mill in south-eastern Finland.
The company has decided to close the paper machine at the Simpele plant, and it has concluded mandatory negotiations with its employees. The company attributes the decision to overcapacity in specialty papers, which it will continue to produce in Gohrsmühle, Germany. Folding boxboard is also produced at the Simpele plant and this production will be expanded by summer of 2011. Company is exploring other employment oppurtinities for workers who will be laid off. The local union has announced its opposition to any dismissals.
Eurofound (2010), M-Real, Internal restructuring in Finland, factsheet number 71206, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71206.