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 17.12 - Manufacture of paper and paperboard
430 jobs Number of planned job losses
Announcement Date
14 September 2012
Employment effect (start)
31 December 2012
Foreseen end date
8 March 2014
Description
French paper and pulp manufacturer Sequana announced the closure of three of its subsidiary Arjowiggins’ sites around the world affecting 430 workers. The sites in Denmark and Argentine will be closed before the end of 2012, while a site in the UK will be affected in the first quarter 2014.
The group highlights the fact that the demand for paper has decreased by about 6% each year since 2008. The group's subsidiary Arjowiggins had already closed a site in the UK in August 2012.
Eurofound (2012), Sequana, Closure in World, factsheet number 74265, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74265.
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