Albany International reduces in Europe
May 15, 2007 By Pulp & Paper Canada
ALBANY, NY — Albany International Oy, an affiliate of Albany International Corp. announced its intention to discon…
ALBANY, NY — Albany International Oy, an affiliate of Albany International Corp. announced its intention to discontinue operations at its press fabric finishing facility in Jarvenpaa, Finland. Over the last several years, similar steps have been taken to match capacity to the global demand for paper machine clothing, as the global paper industry has continued to consolidate and eliminate capacity, particularly in Europe.
The proposal would affect up to 43 employees and is subject to review under local law and would be implemented in accordance with such law and in consultation with the Works Councils and Trade Unions.
The planned action at Jarvenpaa in no way reflects on the performance of the affected employees. The company is calling it a business necessity, driven by the existing and anticipated market conditions.
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