Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Wood And Paper Materials
Manufacture Of Paper And Paper Products
17 - Manufacture of paper and paper products

0 jobs
Number of planned job losses
Job loss
Announcement Date
31 July 2003
Employment effect (start)
Foreseen end date

Description

The company has informed to cut its work force by several hundreds. The redundancies concern mainly USA and Germany.The cuts will be clear during the autumn. Other reasons behind the cost savings are the increase of the raw material prices and the strong EURO.


Sources

  • 26 July 2003: Helsingin Sanomat

Citation

Eurofound (2003), Huhtamäki, Internal restructuring in World, factsheet number 59233, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59233.