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.
Stora Enso, a Finnish-Swedish pulp and paper manufacturer, has announced a reduction of approximately 2,500 employees (see here), including 750 people in Sweden. The reductions in Sweden represent approximately 12 percent of the total number of employees in the country.
The geographical split of the planned personnel reduction is as follows: 650 jobs in Finland, 750 jobs in Sweden, 850 jobs in Europe (excluding Nordic countries) and 250 jobs outside Europe.
As of June 2013, there is no information about when the employment adjustments will start taking effect or when they will be implemented by.
For previously reported restructurings in Sweden see Stora Enso-SE2013a, Stora Enso-SE2012, Stora Enso-SE2011, Stora Enso-SE2009, Stora Enso-SE2008 and Stora Enso-SE2007.
Stora Enso is active in the paper, biomaterials, wood products and packaging industry. The company employs some 28,000 people worldwide.
Eurofound (2013), Stora Enso, Internal restructuring in Sweden, factsheet number 75537, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75537.