Company/Organisation:
Huhtamäki
Geographic Location
Country:
World
Company
Sector:
Manufacturing
Manufacture of wood and paper products, and printing
17 - Manufacture of paper and paper products
Employment Effects
Announcement Date:
31-07-2003
Type of Restructuring:
Internal restructuring
Additional Information
The company has informed to cut its work force by several hundreds. The redundancies concern mainly USA and Germany.The cuts will be clear during the autumn. Other reasons behind the cost savings are the increase of the raw material prices and the strong EURO.
Sources:
26-07-2003Helsingin Sanomat
MEMBER OF THE NETWORK OF EU AGENCIES
Eurofound is an agency of the European Union