The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Wood And Paper Materials Manufacture Of Paper And Paper Products 17 - Manufacture Of Paper And Paper Products
135 jobs Number of planned job losses
Announcement Date
29 May 2024
Employment effect (start)
29 May 2024
Foreseen end date
31 December 2024
Description
UPM, a Finnish pulp and paper manufacturer headquartered in Helsinki, has announced the loss of 135 jobs at its site in Hürth, North Rhine-Westphalia.
UPM Communication Papers announced the permanent closure of its newsprint mill in Hürth. The measures would lead to a reduction of the annual capacity of 330,000 tonnes of newsprint. The reason given for the job cuts is the decline in demand for graphic papers in recent years.
The number of jobs affected in Hürth is estimated at around 135. The participation procedure with the works council will be initiated immediately in accordance with local legislation. With the planned closure, the production of graphic papers is to be discontinued by the end of 2024 at the latest.
In March 2023, UPM had already announced the closure of a machine in Schongau, Bavaria, which led to the loss of 135 jobs UPM-DE-2023, and in July 2023, UPM announced the permanent closure of its plant in Plattling, Bavaria, which led to the loss of 135 jobs UPM 2023-DE.
UPM Communication Papers employs 16,600 people worldwide and has a turnover of €10.5 billion.
Eurofound (2024), UPM Hürth, Closure in Germany, factsheet number 201247, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201247.
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