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.
Manufacturing Manufacture Of Wood And Paper Materials Manufacture Of Paper And Paper Products 17.1 - Manufacture of pulp, paper and paperboard
250 jobs Number of planned job losses
Announcement Date
30 June 2004
Employment effect (start)
Foreseen end date
31 December 2005
Description
The directors of Frantschach Åšwiecie SA have drawn up a programme of organisational changes at this Polish company, one of them being the downsizing of employment by 250 people by the end of 2005. Frantschach's management takes the position that such measures are made necessary by stiff competition in the European cellulose and paper markets, and also by the drop in paper prices (by 5-10% since 2000). This fall in paper prices is necessitating a reduction of production costs, hence the planned redundancies.
Sources
1 July 2004: Solidarity
Citation
Eurofound (2004), Frantschach Åšwiecie, Internal restructuring in Poland, factsheet number 60409, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60409.
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