Type
Closure
Country
Germany
Region
Baden-W├╝rttemberg; Freiburg; Waldshut
Location of affected unit(s)
Albbruck
Sector
Manufacturing
Manufacture Of Wood And Paper Materials
Manufacture Of Paper And Paper Products
17.1 - Manufacture of pulp, paper and paperboard

560 jobs
Number of planned job losses
Job loss
Announcement Date
29 November 2011
Employment effect (start)
29 November 2011
Foreseen end date
31 December 2011

Description

Paper manufacturer UPM has announced to close down its site in Albbruck affecting 560 jobs. UPM had broken its restructuring plans to the public in August. Since then efforts were made to find an investor, but this did not have success.

The social plan will be negotiated in the next weeks. Already at the end of August 2011 the daily Badische Zeitung stated that the union IG BCE will want to fight the closure.

The restructuring is part of a wider restructuring plan of UPM's European activities, with announced cuts in Finland and France.


Sources

  • 29 November 2011: Frankfurter Allgemeine Zeitung
  • 31 August 2011: Badische Zeitung
  • 31 August 2011: UPM

Citation

Eurofound (2011), UPM, Closure in Germany, factsheet number 72781, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72781.