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 - Manufacture of paper and paper products
155 - 180 jobs Number of planned job losses
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:
One part of the Kirkniemi plant will be closed according to the previous operative plans;
Restructuring in the maintenance activities will be carried out;
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59553.
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