Type
Closure
Country
Austria
Region
Westösterreich; Salzburg; Salzburg und Umgebung
Location of affected unit(s)
Hallein
Sector
Manufacturing
Manufacture Of Wood And Paper Materials
Manufacture Of Paper And Paper Products
17 - Manufacture of paper and paper products

485 jobs
Number of planned job losses
Job loss
Announcement Date
14 January 2009
Employment effect (start)
14 January 2009
Foreseen end date
1 January 2010

Description

The paper manufacturer M-real is to close down its paper-mill in Hallein, Salzburg, which will entail the loss of some 485 jobs by 2010. Management justified the planned full closure of the firm by arguing that the European paper industry in general and the paper-mill in Hallein in particular are characterised by overcapacities and thus not competitive any more. Nevertheless, the group's cellulose production plant as well as an electricity power station, which are both located in Hallein as well, are planned to be maintained. This means that about 200 out of the group's current 680 employees in Hallein will retain their job.


Sources

  • 14 January 2009: Der Standard

Citation

Eurofound (2009), Hallein Papierfabrik, Closure in Austria, factsheet number 68007, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68007.