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
50 jobs Number of planned job losses
Announcement Date
7 September 2006
Employment effect (start)
Foreseen end date
Description
The paper producer Arctic Paper will cut 50 out of 400 jobs at its unit in Munkedal, as announced on 7 September 2006. The CEO of the company, Gustaf Söreklint, explained that the decision was made as a result of the increase in energy prices and the overpoduction of high-quality paper in Europe. The redundancy plan is expected to lead to savings of some 20 millions SEK per year.
Sources
8 September 2006: Sveriges Radio
7 September 2006: Dagens Arbete
Citation
Eurofound (2006), Arctic Paper, Internal restructuring in Sweden, factsheet number 64068, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64068.
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