Swiss paper manufacturer Perlen Papier AG announced plans to cut around 65 jobs at its Root, Lucerne site as part of a cost-reduction strategy set to begin in autumn 2025. Perlen cites persistently weak demand for paper and ongoing consolidation in the European paper market as key reasons for the restructuring. Despite previous efforts to reduce costs, Perlen Papier reported a loss in its most recent financial year, with high price pressure outweighing increased paper sales.
Perlen Papier produces newsprint and LWC paper on two machines. It confirmed that both production lines will remain in operation, ensuring the continued supply of coated magazine paper and newsprint to its customers. A social plan was announced to support affected employees, who have already been informed of the upcoming changes. Local officials expressed concern over the impact on the community, with Root Mayor Heinz Schumacher calling the job cuts “not good news for the municipality.”
The restructuring follows broader corporate changes, including the establishment of Perlen Industrieholding AG in 2024 after the spin-off from CPH Chemie + Papier Holding. The move transferred Perlen Papier’s business and its real estate assets into the new structure, which began operations in June 2024. With these new cost-saving measures, Perlen Papier aims to safeguard its long-term competitiveness in a shrinking market.
Proofed (Human)
Listen to This Article
Loading...
Login
New User? Signup
Reset Password
Signup
Existing User? Login here
Login here
Reset Password
Please enter your registered email address. You will recieve a link to reset your password via email.
New User? Signup
Currency Exchange Graph