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.
Manufacturing Manufacture Of Wood And Paper Materials Manufacture Of Paper And Paper Products 17 - Manufacture of paper and paper products
260 - 270 jobs Number of planned job losses
Announcement Date
11 April 2012
Employment effect (start)
11 April 2012
Foreseen end date
25 April 2012
Description
In mid April Peterson Paper Moss AS announced bankruptcy and 260 employees at its Moss plant are to be dismissed with immediate effect. Over the last years the company had substantial financial deficits and despite the efforts it did not manage to recover.
100 employees of another Peterson Paper plant in Ranheim were also at risk of losing their job once the company filed for bankruptcy. Eventually, the jobs in Ranheim will be saved after Peterson Packaging bought the plant. The acquisition is effective immediately, and the factory is to be included as an integral part of Peterson Packaging AS.
Sources
12 April 2012: Peterson Packing (Press relase)
11 April 2012: Moss avis
4 November 2012: E24
Citation
Eurofound (2012), Peterson Paper, Bankruptcy in Norway, factsheet number 73677, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73677.
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