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
378 jobs Number of planned job losses
Announcement Date
4 October 2006
Employment effect (start)
Foreseen end date
31 December 2007
Description
On 4 October 2006 Finland based paper, packaging, and forest products multinational Stora Enso has announced its intention to close down Reisholz Mill in Germany with 378 employees. The planned closure is subject to local consultation.
Reisholz Mill, which is part of Stora Enso's Publication Paper division, is planned to be closed in phases by the end of 2007. The intention to close the mill is based on its lack of profitability the company said. Stora Enso has various subsidiaries in Germany with a total of 5,800 employees.
Sources
5 October 2006: Frankfurter Allgemeine Zeitung
5 October 2006: Handelsblatt
Citation
Eurofound (2006), Stora Enso Reisholz, Closure in Germany, factsheet number 64215, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64215.
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