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.
Update 2024-09-19 MM Kotkamills has concluded the cooperation negotiations. Of the maximum planned reductions, only 29 are realised. 21 of these are direct dismissals, whereas eight employees have either resigned or retired during the proceedings.
Finnish producer of paper and wood products, MM Kotkamills will start cooperation negotiations affecting a maximum of 60 employees in all employee groups. The negotiations are expected to be finished in the end of August, 2024.
According to the MM Kotkamills, reductions are necessary due to the reduced competitiveness of the company. The company have recently stopped producing cardboard cups after they were deemed to contain plastics under the EU Directive 2019/904 on the reduction of the impact of certain plastic products on the environment.
The current cooperation negotiations are the second one within a year. In the fall of 2023, MM Kotkamills held cooperation negotiations affecting 66 employees: Kotkamills Finland 2023
MM Kotkamills is a paperboard and folding carton manufacturer that employs around 530 people in Finland. The company us a subsidiary of the Austrian cardboard company Mayr-Melnhof.
Eurofound (2024), MM Kotkamills, Internal restructuring in Finland, factsheet number 201416, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201416.