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 17.21 - Manufacture of corrugated paper and paperboard and of containers of paper and paperboard
100 jobs Number of planned job losses
Announcement Date
27 September 2012
Employment effect (start)
Foreseen end date
31 October 2014
Description
Iggesund Paperboard, manufacturer of virgin fibre paperboard for use in the packaging and graphics sectors, has announced that it is to reduce the workforce by 100 people, from the current 900 to 800 employees at its mill in Iggesund. The measure is aimed at making the operations more efficient and is undertaken due to hard competition in the market and high cost pressure.
The ambition is that the downsizing will be done through natural attritions (retirements) over a two-year period.
Iggesund Paperboard is a member of the Holmen Group.
Sources
27 September 2012: Dagens Industri
Citation
Eurofound (2012), Iggesund Paperboard, Internal restructuring in Sweden, factsheet number 74286, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74286.
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