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
140 jobs Number of planned job losses
Announcement Date
16 February 2017
Employment effect (start)
Foreseen end date
Description
Swedish producer of paper products Stora Enso has initiated employer-employee negotiations at the Kvarsveden mill in Borlänge, Dalarna County aiming to cut up to 140 positions, out of the total number of 525 employees working at the mill. Stora Enso has a total of 1491 employees in Sweden. Redundancies are due to the planned closure of paper machine 8, which will happen by the end of the second quarter of 2017. The reason for this closure is that paper machine 8 is viewed as small, technically old and no longer competitive. The internal restructuring will save €12 million yearly. The restructuring will cost approximately €17 million to the company.
16 February 2017: Stora Enso (company press release)
16 February 2017: Dagens Industri
Citation
Eurofound (2017), Stora Enso, Internal restructuring in Sweden, factsheet number 90334, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90334.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
