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
50 jobs Number of planned job losses
Announcement Date
15 January 2013
Employment effect (start)
Foreseen end date
Description
Kotkamills, a Finnish producer of paper and wood products, has announced redundancies of up to 50 employees from its plant in Kotka. The company has started negotiations with employee representatives on the cuts.
Kotkamills produces coated (magazine) paper and laminate products in Kotka and Imatra. Approximately 400 of the 470 employees in Kotka are subject to negotiations. The company cites poor market situation and the Eurozone crisis as reasons for the proposed cuts.
Sources
15 January 2013: YLE News
Citation
Eurofound (2013), Kotkamills, Internal restructuring in Finland, factsheet number 74830, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74830.
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