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.
Ahlstrom Glassfibre has announced redundancies of up to 230 workers in two of its units in Finland. The company starts mandatory negotiations with employee representatives on the proposed cuts.
The company is part of Ahlstrom Group, a high performance materials manufacturer. The two units are located in Karhula and Mikkeli, and they produce glassfibre, specialty reinforments, and glassfibre tissue. Ahlstrom cites as reasons increased competition in the markets and inability to to compensate for higher production costs in its selling prices. Temporary lay-offs are also considered as an option to permanent ones.
Eurofound (2011), Ahlstrom Glassfibre, Internal restructuring in Finland, factsheet number 72306, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72306.