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 17.21 - Manufacture Of Corrugated Paper And Paperboard And Of Containers Of Paper And Paperboard
215 jobs Number of planned job losses
Announcement Date
16 January 2025
Employment effect (start)
27 February 2025
Foreseen end date
Description
Metsä Board, manufacturer of paperboard, has initiated cooperation negotiations that may result in the dismissal of up to 215 employees. The negotiations comprise two factories: the Kyro factory at Kyrökoski and the Tako factory in Tampere. The latter the company is considering shutting down all together. In total, around 360 people will be affected by the negotiations. Metsä Board is investigating opportunities to offer employees jobs at their other factories. Currently, there are around 190 employees at Tako and over 150 at the Kyro factory.
Metsä Board states that the two factories have been operating at a loss during 2023 and 2024, both due to rising costs of inputs and being outcompeted by Asian competitors.
The Tako factory is especially problematic as the development of the factory is constructed by its location in Tampere urban area. Employees of both factories have been subject to temporary layoffs on multiple occasions.
Metsä Board is part of the forestry company Metsä Group. Globally, the company has approximately 2,300 employees.
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.
