Search Jobs

Latest Jobs

KEY RECRUITMENT: URGENT! Specialist Book Finishers required!!!!

See more jobs at jobs.printweek.com

Business

1500 jobs under threat as M-real plans cut in production

by Staff Writer

Jan 14, 2009

Find more like: M-real | paper | job | cuts

Paper manufacturer M-real has said it is starting statutory negotiations concerning mill operations in Finland, which could put up to 1500 jobs at risk.

The company, which is part of the Metsäliitto Group, said the target of the negotiations is to prepare production temporarily for lower demand.

In a statement it said: "This is thus an anticipated measure if no significant improvement in the demand situation experienced in late 2008 emerges."

In December, M-real warned its 2008 full-year operating result excluding no-recurring items would be "clearly weaker" than in 2007.

Its results warning is on the back of its larger-than-expected second-quarter operating loss of €21m (A$42m), announced by the company in 2008.

Throughout this year, European papermakers have faced rising production costs and a decrease in the sales volumes of fine paper, causing many to cut jobs and capacity, and to raise their prices.

Read the original article at www.printweek.com.

Want to secure a $1000 bonus? Tell us what it's really like to work in print...

Ads by Google

What are your thoughts on this article? Have your say and leave your comments below.

Your opinions are welcome but please stay within our Forum Rules. Offending posts will be removed and your access may be suspended. Abusive or obscene language will not be tolerated.

Poll

Is it a good idea for PrintEx11 and Visual Impact Image Expo to co-locate next year?

Yes
No

View Previous Polls

Latest Comments

ProPrint Magazine

July 2010

What's in this issue?

Sponsored Links

Want to secure a $1,000 bonus? Tell us what it’s really like to work in print.
How does your career compare? What are you worth? Complete the ProPrint Jobs Survey 2010 now…

CM Workflow - are you sick of competing on pricing of commoditised products?
Managing document workflows can involve numerous procedures for production, compliance and record keeping which can vary for each business case within an enterprise or through a production centre. CM Workflow can.....

HEI Value. HEI Performance. Heidelberg at IPEX 2010
If you are planning to visit Birmingham for IPEX this year Heidelberg’s stand at Hall 8 should be your first port of call. Just click this link for more: www.ipex.heidelberg.com

Océ ColorWave 600
See the amazing Océ ColorWave 600

Connect with opportunity at Fuji Xerox Australia
Fuji Xerox Australia has the knowledge and capabilities to implement production print solutions that range from proofing through to high volume, variable data output with exceptional quality. Visit our website for more information

Fridge Magnets and a lot more... in the background since 1994
Isn't it time you became a "Clever" customer? Supplier of fridge magnets, car signs, business cards, mailer cards. Manufacturer and Importer. FREE wholesale sample pack. We're here to help you get what you need

Fujifilm Sericol
At Fujifilm Sericol, we're driven to provide you the best in digital print solutions. We're Digitally Driven.

Low-fee super for print, media, entertainment and arts industries
For all your super needs, speak to us on 1800 640 886 or visit our website

DES partners with Fogra
DES has now been made an official “Partner of Fogra”

Copyright © 2010 Haymarket Media. This material may not be published, broadcast, rewritten or redistributed in any form without prior authorisation.
Your use of this website constitutes acceptance of Haymarket Media's Privacy Policy and Terms and Conditions.