EMCC European Monitoring Centre on Change

Walki

Company/Organisation:
Walki

Geographic Location

Country: Finland
Region: Manner-Suomi
Location of affected unit(s): Valkeakoski, Pietarsaari

Company

Sector: Manufacturing
Manufacture of wood and paper products, and printing
17 - Manufacture of paper and paper products
Number Employed: 435
Group: Walki Group

Employment Effects

Announcement Date: 28-01-2010
Planned Job Reductions min: 63
Planned Job Reductions max: 63
Type of Restructuring: Internal restructuring

Additional Information

The packaging materials manufacturer Walki announced the loss of 63 jobs. The planned reduction was of  80 employees but following negotiations with social partners Walki agreed on dismissing 63 employees. 

Walki started personnel negotiations on January 28, 2010. The initiated performance improvement program is to affect all employee groups at Walki's Finnish plants in Pietarsaari and Valkeakoski. It is estimated that the personnel reduction need is 80 employees.

The difficult situation of the European paper industry, and increased raw-material and other production costs has had a negative impact on the company's development.

The restructuring process will be carried out during 2010. In order to further improve the productivity of the Finnish plants an investment program will be implemented in connection with the restructuring measures.

Walki's production units in Finland, Germany, the U.K. China and Sweden combined have an annual production capacity of 300,000 tonnes, an annual net sales total of 300 million euros and a workforce of 1,000 employees.

Walki employs 435 employees.