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.
Munksjö, a Finland-based specialised paper products manufacturer, announced 45 redundancies at its plant in Mathi (TO). The plant, which is managed jointly with the partner company Ahlstrom, currently employs about 275 workers. The company expects to gain from the operation, improving the efficiency of the plant and saving between 2.0 -2.5 EUR million per year in operating costs. During the next weeks, local unions will be involved in negotiations in order to negotiate the number of dismissals, measures to reduce their social impact as well as possible alternatives.
Eurofound (2015), Munksjö, Internal restructuring in Italy, factsheet number 84773, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/84773.