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.
Paper manufacturer Holmen Paper is to cut 150 jobs at its plant in Hallstavik as a result of a notice given on June 21 2010. The company produces paper for newspapers, commercial prints, phone directories, and other printed media. As these industries have been struggling due to the increased use of IT or internet solutions, so Holmen Paper's demand has suffered. The streamlining will, according to the management, increase profitability with fewer employees producing the same volume.
Holmen Paper has restructured on several occasions in recent years. Please see the following related fact sheets for more information: 14428, 11447, 14389, 11014.
Eurofound (2010), Holmen Paper, Internal restructuring in Sweden, factsheet number 70752, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/70752.
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