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.
Nymölla in Sweden
Uetersen in Germany
Oulu in Finland
Antwerp and Ghent, Belgium
United Kingdom (plant not specified)
Sector
Manufacturing Manufacture Of Wood And Paper Materials Manufacture Of Paper And Paper Products 17.12 - Manufacture of paper and paperboard
285 jobs Number of planned job losses
Announcement Date
3 May 2011
Employment effect (start)
4 May 2011
Foreseen end date
30 June 2012
Description
Paper maker Stora Enso is to cut 285 jobs at its paper mills in Sweden, Germany, Finland, Belgium and the United Kingdom. The company blames the job losses on the continuing overcapacity in European paper markets, which had forced Stora Enso to close several of its paper mills over the past years.
Stora Enso stated that it will try to reassign the affected personnel to other units and help them to find new employment opportunities outside the company.
Sources
3 May 2011: Stora Ense press release
Citation
Eurofound (2011), Stora Enso, Internal restructuring in European Union, factsheet number 71915, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71915.
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