M-Real

Type
Internal restructuring
Country
Finland
Region
Manner-Suomi; Helsinki-Uusimaa; Helsinki-Uusimaa
Location of affected unit(s)
Kirkniemi
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
17 - Manufacture of paper and paper products
17 - Manufacture of paper and paper products
155 - 180 jobs
Number of planned job losses
Job loss
Announcement Date
31 October 2003
Employment effect (start)
Foreseen end date
1 December 2006

Description

31 Octobre 2003

M-real has started cooperation talks with the personnel of its Kirkniemi plant, 180 jobs are threatened. This is motivated by:

  1. One part of the Kirkniemi plant will be closed according to the previous operative plans;

  2. Restructuring in the maintenance activities will be carried out;

  3. Economical reasons.

14 November 2003

As an result of the cooperation talks with the personnel, 155 jobs will be cut. Reductions in labour force will be carried out e.g. by pension arrangements. No one will be dismissed directly. The timeline for job reduction will be lengthened to the end of 2006.

Sources

  • 14 November 2003: Helsingin Sanomat
  • 31 October 2003: Helsingin Sanomat

Citation

Eurofound (2003), M-Real, Internal restructuring in Finland, factsheet number 59553, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59553.