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.
Finnish wood products manufacturer Stora Enso is closing a paper making company in Veitsiluoto, Finland which will lead to the loss of 88 jobs.
The reason for the closure is a reduction in the demand for coated paper.
The company announced the job losses in January and had undertaken employer-employee negotiations since then.
The ERM has reported on previous restructuring events at Stora Enso in 2005, 2005, 2005, 2007, 2008, 2009, 2012 and 2013.
Eurofound (2014), Stora Enso, Closure in Finland, factsheet number 76800, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76800.