Sappi

Type
Internal restructuring
Country
Netherlands
Region
Zuid-Nederland; Limburg (NL); Zuid-Limburg
Location of affected unit(s)
Maastricht
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
17 - Manufacture of paper and paper products
17 - Manufacture of paper and paper products
175 jobs
Number of planned job losses
Job loss
Announcement Date
5 August 2008
Employment effect (start)
Foreseen end date
31 December 2008

Description

In early August 2008, paper manufacturer Sappi announced that it is to cut 175 jobs (about 25% of the total workforce) by the end of 2008. The job losses are attributed to rising energy costs and prices of raw materials and the weak US-dollar.

Citation

Eurofound (2008), Sappi, Internal restructuring in Netherlands, factsheet number 67168, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67168.