EMCC European Monitoring Centre on Change

Wipak

Company/Organisation:
Wipak

Geographic Location

Country: Finland
Region: Päijät-Häme; Etelä-Suomi; Manner-Suomi
Location of affected unit(s): Nastola

Company

Sector: Manufacturing
Manufacture of rubber and plastics products, and other non-metallic mineral products
22.21 - Manufacture of plastic plates, sheets, tubes and profiles
Number Employed: 450
Group: Wihuri

Employment Effects

Announcement Date: 17-05-2013
Planned Job Reductions min: 90
Planned Job Reductions max: 90
Type of Restructuring: Internal restructuring
Employment Effect Start: 31-08-2013

Additional Information

Wipak, a producer of packaging materials, has announced redundancies affecting up to 90 employees at its plant in Nastola. The company has started negotiations on the cuts with employee representatives. It is also negotiating to reduce up to 10 of its 70 employees in Valkeakoski. In 2012, Wipak closed its factory in Eura and cut 52 jobs.

Reportedly, the restructuring is blamed on the changing market in Europe (rising costs and low demand) and the need to save up to 5 million euros annually. 

Wipak employs approximately 450 persons in Nastola and produces packaging materials for the food and health care industries.