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 17.12 - Manufacture of paper and paperboard
230 jobs Number of planned job losses
Announcement Date
2 October 2012
Employment effect (start)
2 October 2012
Foreseen end date
Description
The Swedish paper manufacturer Holmen Paper has announced that it is to cut 230 jobs at its papermill in Hallstavik due to the continued weak market for printing paper. The measure follows a decision to close the oldest of the three paper machines next year. Holmen Paper has facilities in Hallstavik and Braviken in Sweden and in Madrid in Spain.
The downsizing corresponds to a reduction by one third of the total workforce. Holmen Paper has restructured on several occasions in recent years. In the end of 2010, 150 jobs were cut at the plant in Hallstavik. Please see the following related cases for more information on previous rounds of redundancies: 19202, 15742, 14428, 11447, 14389, 11014.
As of October 2012 it is not yet known when the job losses will be implemented by.
Sources
2 October 2012: Norrtelje Tidning
Citation
Eurofound (2012), Holmen Paper, Internal restructuring in Sweden, factsheet number 74215, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74215.
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