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 Wood And Of Products Of Wood And Cork, Except Furniture; Manufacture Of Articles Of Straw And Plaiting Materials 16.29 - Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials
88 jobs Number of planned job losses
Announcement Date
31 March 2014
Employment effect (start)
Foreseen end date
Description
Finnish wood products manufacturer Stora Enso is closing a paper making company in Veitsiluoto, Finland which will lead to the loss of 88 jobs.
The reason for the closure is a reduction in the demand for coated paper.
The company announced the job losses in January and had undertaken employer-employee negotiations since then.
Eurofound (2014), Stora Enso, Internal restructuring in Finland, factsheet number 76800, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76800.
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