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.
Paper and cardboard manufacturer MM Kwidzyn has announced the redundancy of 110 people from its Kwidzyn plant.
The company decided to reduce the number of employees due to uncompetitive wood prices from the State Forestry monopoly and low demand in the paper and cardboard products market. The decision was announced in a press release on 11 December, the company has started consultations with trade unions and the works council on the closure of a small paper machine and a reorganisation that will include group layoffs of around 110 production employees, the layoff process is expected to last until June 2024.
The MM Kwidzyn plant is part of the Austrian Mayr-Melnhof Group and produces paper and board, as well as generating energy and managing water and wastewater for the plant and the local community.
Eurofound (2023), MM Kwidzyn, Internal restructuring in Poland, factsheet number 200643, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200643.