Restructuring events
European Restructuring Monitor (ERM)
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.
KP Factory announced it will restart producton in the Kohila paper factory, creating about 200 new jobs. The factory was previously closed down in spring 2009 due to offshoring by the former owner, Atlanta Office Products (see also factsheet 13156).
According to the press release, KP Factory will continue manufacturing paper stationery with a larger focus on product development. The products will be sold in domestic markets as well as abroad (e.g.Scandinavian and Eastern European countries). The company also hopes to improve the labour market situation in the local region by offering new jobs.
Created in 2009, KP Factory is the subsidiary of the Estonian company Charlot, which is active in retail and wholesale trade of stationery and office products (e.g. furniture, technological equipment).
Eurofound (2009), KP Factory, Business expansion in Estonia, factsheet number 69611, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/69611.
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