Restructuring events
European Restructuring Monitor (ERM)
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.
Stora Enso, a Finnish-Swedish forestry group, announced 115 job cuts in its Brand sawmill, where one of its two production lines, that of weak wood, will be shut down.
The weak wood line would have required considerable investment, according to a press release from the company. The cuts are driven by ongoing difficult market conditions and rising production costs, prompting the company to streamline operations and improve profitability.
The closure of the weak wood line are to be finalised by spring 2027.
Employees in Brand will be registered with the Public Employment Service's (AMS') early warning system and a social plan is planned to be negotiated with the works council.
This restructuring is part of a broader EU-wide programme. A total of 250 job losses are expected, including those in Brand.
Eurofound (2026), Stora Enso, Closure in Austria, factsheet number 301425, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/301425.
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