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
550 jobs Number of planned job losses
Announcement Date
2 August 2023
Employment effect (start)
1 December 2023
Foreseen end date
31 March 2024
Description
In summer 2023, local news reported the closure of Sappi's paper plant in Stockstadt, Bavaria, affecting 550 employees.
Management and employee representatives have negotiated a social plan for the affected staff members. All sides have agreed on not disclosing any details. However, the plant in Stockstadt will stop its work at the end of December 2023 and will be fully closed in March 2024.
Sappi is a South-African company specialised in paper production. Plants are not only closed in Germany but also in Lanaken (Belgium)(Sappi-2023-BL). Closures are due to overcapacities in paper production and due to a slow economy as well as increasing (energy) costs since the war in Ukraine started.
Eurofound (2023), Sappi, Closure in Germany, factsheet number 200566, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200566.
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