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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.95 - Manufacture Of Machinery For Paper And Paperboard Production
170 jobs Number of planned job losses
Announcement Date
14 March 2025
Employment effect (start)
14 March 2025
Foreseen end date
Description
The Finnish branch of the Austrian Andritz Oy, which manufactures machinery for the paper and pulp sectors, announced in March 2025 that they will undergo restructuring to save business operations in Finland. The company will reduce 170 staff across their entire Finnish operations, in Kotka, Vantaa, Tampere, Lappeenranta, Helsinki, Lahti, Varkaus, and Savonlinna, across which it employs about 1200 workers.
The reasons for the restructuring are the global economic insecurities, and a deteriorating investment climate for the paper and pulp industries, according to a company representative. The other subsidiary of Andritz Group in Finland, Andritz Works, will not be affected by the reduction of staff.
Eurofound (2025), Andritz, Internal restructuring in Finland, factsheet number 202522, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202522.
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