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.
Finnish-owned paper producer, Metsä Board, part of the Metsä Group, has announced that they will cut 200 jobs from their site in Örnsköldsvik, Sweden, as part of a roll-back of production in preparation for the closure of the site.
The closure is planned for 2017. Today, the site employs a total of 850 people. Of the 200 jobs that will be cut, 150 will be blue-collar positions and 50 will be white-collar jobs.
Update 19-05-2015:
Negotiations with the union have come to an end and 190 people will now be leaving their jobs. Out of the 190 job cuts, 149 will affect blue-collar positions and another 41 white-collar positions.
Around 70 jobs will be cut through natural attrition and the remainder through direct dismissals. Following the restructuring, the workforce at the Örnsköldsvik site will be of 660 workers.
Eurofound (2015), Metsä Board, Internal restructuring in Sweden, factsheet number 79117, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/79117.
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