Stora Enso

Type
Internal restructuring
Country
European Union
Region
Location of affected unit(s)
Nymölla (Sweden), Uetersen (Germany), Oulu (Finland), Antwerp (Belgium), Ghent (Belgium), United Kingdom
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
17.1 - Manufacture of pulp, paper and paperboard
17.12 - Manufacture of paper and paperboard
285 jobs
Number of planned job losses
Job loss
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://apps.eurofound.europa.eu/restructuring-events/detail/71915.