Swiss Perlen Papier AG plans to cut around 65 jobs, according to a press release from the company.
Perlen Papier justifies the move with the weak demand for paper, and the increasing consolidation in the European paper market. Perlen Papier plans to reduce costs starting from the fall of 2025, according to albinfo.ch.
Perlen Industrieholding AG was established in the spring of 2024 from the spin-off of the former CPH Chemie + Papier Holding (later renamed CPH Group AG). The paper business (Perlen Papier AG) and the real estate in Perlen were transferred to Perlen Industrieholding. Business operations began on June 25, 2024.
Perlen Papier underscores that it will continue to operate both of its paper machines, procucnig newsprint and LWC paper.
