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
65 - 125 jobs Number of planned job losses
Announcement Date
19 October 2010
Employment effect (start)
Foreseen end date
Description
Sappi, a paper manufacturer based in Lanaken (Flanders), announced on 19 October its restructuring plan involving 65 jobs cuts. As of October 2010, direct dismissals are ruled out. Trade unions fear that 125 jobs may be lost over the next 5 years. Last year and for the first time since 2004, the site in Lanaken faced a loss of profit of about 10 million euro and the situation may not change in 2010. A meeting between trade unions and the management will take place on 2 November.
Sources
19 October 2010: De Morgen
Citation
Eurofound (2010), Sappi, Internal restructuring in Belgium, factsheet number 71128, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71128.
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