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
340 jobs Number of planned job losses
Announcement Date
13 August 2008
Employment effect (start)
13 August 2008
Foreseen end date
31 December 2008
Description
Holmen Paper AB produces paper for e. g. newspapers, magasins, advertisement leaflets and phone books. Holmen Paper AB owns four paper mills: in Norrköping, Hallstavik, Vargön and Madrid. Due to increased prices on timber, decreased market prices on paper and a weakening market for that sort of paper, Holmen Paper AB is forced to shut down the mill in Vargön. The plan is to close the activity by December 2008, and 340 jobs will thereby be lost.
Sources
14 August 2008: Dagens Industri
Citation
Eurofound (2008), Holmen Paper, Closure in Sweden, factsheet number 66969, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66969.
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