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Article: Albany International Announces Planned Reduction in Manufacturing Capacity in Europe.
- Article from:
- Journal of Technology
- Article date:
- January 27, 2009
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Albany International Oy, an affiliate of Albany International Corp. (NYSE:AIN), announced its plan to discontinue operations at its dryer fabric manufacturing facility in Konala, Finland. Over the last several years, similar steps have been taken in North America and Europe to match capacity to the global demand for paper machine clothing, as the global paper industry has continued to consolidate and eliminate capacity.
The proposal, if implemented, is estimated to affect up to 133 employees and is subject to review under local law and would be implemented in accordance with such law and in consultation with the Works Council.
The planned action at ...