Plans to downsize glassfiber, wallcovering operations.
Ahlstrom Corporation, a global high-performance materials company, is implementing a profit improvement program to address underperforming businesses. The program aims to improve annual operating profit by €15 million starting from next year and could affect about 400 employees.
The measures include the gradual discontinuation of glassfiber and glassfiber mats in Karhula, which will lead to a personnel reducution of 170 employeess in Finland.
In the Building and Energy business area, Ahlstrom has decided to close its hybrid wallcover production line in Turin, Italy, in October. The line started in 2009 has been permanently affected by weak profitability. Negotiations with employee representatives concerning the 22 employees working at the line have been initiated.
Additionally, in the Label and Processing business area, Ahlstrom is initiating negotiations on streamlining measures at its Osnabrück plant in Germany that may affect a maximum of 39 employees in the next 18 months.