EMCC European Monitoring Centre on Change



Geographic Location

Country: World


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.