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 17.12 - Manufacture of paper and paperboard
3,600 jobs Number of planned job losses
Announcement Date
25 August 2005
Employment effect (start)
Foreseen end date
31 December 2007
Description
The paper company SCA will implement an extensive efficiency enhancement program and cut 3,600 jobs. All business areas will be affected by the plan which is expected to result in annual saving of SEK 1,550 million by the end of 2007. Some 75% of the planned job reduction will be carried in Europe. Jan Åström, CEO of the company, said in an interview that paper mills would be closed in the United Kingdom, the Netherlands, Germany and Denmark. Details regarding the number of dismissals per country have not been given, except for Sweden, where 400 jobs will be cut.
Sources
25 September 2005: Göteborgs-Posten
25 August 2005: Dagens Nyheter
25 July 2005: Press release by SCA
Citation
Eurofound (2005), SCA, Internal restructuring in European Union, factsheet number 62181, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62181.
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