Otor

Type
Internal restructuring
Country
France
Region
Normandie; Haute-Normandie ; Seine-Maritime
Location of affected unit(s)
Rouen
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
17.2 - Manufacture of articles of paper and paperboard
17.21 - Manufacture of corrugated paper, paperboard and containers of paper and paperboard
114 jobs
Number of planned job losses
Job loss
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://apps.eurofound.europa.eu/restructuring-events/detail/63466.