Restructuring events
European Restructuring Monitor (ERM)
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.
In mid April Peterson Paper Moss AS announced bankruptcy and 260 employees at its Moss plant are to be dismissed with immediate effect. Over the last years the company had substantial financial deficits and despite the efforts it did not manage to recover.
100 employees of another Peterson Paper plant in Ranheim were also at risk of losing their job once the company filed for bankruptcy. Eventually, the jobs in Ranheim will be saved after Peterson Packaging bought the plant. The acquisition is effective immediately, and the factory is to be included as an integral part of Peterson Packaging AS.
Eurofound (2012), Peterson Paper, Bankruptcy in Norway, factsheet number 73677, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73677.