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 17.1 - Manufacture of pulp, paper and paperboard
150 jobs Number of planned job losses
Announcement Date
13 June 2018
Employment effect (start)
Foreseen end date
Description
Swedish paperboard manufacturer Iggesund Paperboard, within the Holmen Group, has announced that 150 employees will be laid off at its Iggesund production facility. This is intended to reduce operational costs and the goal is to complete the staff reduction before the end of 2018. As additional changes planned, the CEO of Iggesund Paperboard comments that they aim at increasing production capacity by about 100,000 tonnes, and that the organisation will also be reviewed to ensure long-term profitability.
Iggesund Paperboard is in Hudiksvall, Gävleborgs län and currently has 800 employees.
Sources
13 June 2018: svt
14 June 2018: Industri Nyheter
Citation
Eurofound (2018), Iggesund Paperboard, Internal restructuring in Sweden, factsheet number 94425, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/94425.
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