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 17.21 - Manufacture of corrugated paper and paperboard and of containers of paper and paperboard
114 jobs Number of planned job losses
Announcement Date
10 May 2006
Employment effect (start)
3 July 2006
Foreseen end date
29 December 2006
Description
Otor, the French packaging company controlled by the US investment firm Carlyle, has announced that it will cut 114 jobs from 274 in total at its paper plant in Rouen. The company says the production site in question registered losses of EUR 20,000,000 in 2005, for a turnover of EUR 89,000,000. It has apparently been suffering the effects of soaring energy prices and reduced corrugated packaging prices.
Sources
11 May 2006: Les Echos
Citation
Eurofound (2006), Otor, Internal restructuring in France, factsheet number 63466, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63466.
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