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 and paper products manufacturer Stora Enso has announced plans to consolidate the manufacturing of corrugated packaging in Finland to its plant in Lahti. The goal of the consolidation is higher profitability and competitiveness. The internal restructuring will lead to approximately 60 redundancies following disbanded production of corrugated packaging at the plant in Heinola. Co-determination negotiations will begin shortly at the plants in Lahti and Heinola and the consolidation project will start in November 2016. As part of the consolidation process Stora Enso will invest €19 million in the Lahti factory which will fund a new machine for the manufacturing of corrugated packaging.
Currently the manufacturing plant in Heinola has 150 employees and the plant in Lahti has 130 employees. Stora Enso has a total of 6 600 employees in Finland.
The ERM has previously reported on internal restructuring within Stora Enso in Finland. Most recently in 2014, 2013 and 2012.
Updated, 21/11/2016;Following concluded employer-employee negotiations Stora Enso will cut 47 positions.
Eurofound (2016), Stora Enso, Relocation in Finland, factsheet number 88622, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88622.