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.
(10 - 33) Manufacturing (16 - 17) Manufacture of wood and paper materials 17 - Manufacture of paper and paper products 17 - Manufacture of paper and paper products
30 - 123 jobs Number of planned job losses
Announcement Date
5 July 2006
Employment effect (start)
Foreseen end date
Description
Sappi, the South African paper manufacturer, has announced 123 redundancies at its Lanaken plant as part of its restructuring programme; of these, about 30 will be compulsory redundancies. The Lanaken plant needs to make savings of EUR 15.3 million. Management has stated that the plants future is secure.
Sources
6 July 2006: L'Echo
Citation
Eurofound (2006), Sappi, Internal restructuring in Belgium, factsheet number 63739, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63739.
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