Restructuring events
European Restructuring Monitor (ERM)
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.
UPM Fibres, part of Finnish forest industry company UPM has initiated cooperation negotiations which may result in the dismissal of 110 employees. Around 1,600 employees in the cellulose fibre operations are within the scope of the collective consultation process, which commences on the 16th of October and proceeds for six weeks.
The negotiations will also address the need for possible temporary layoffs. Any temporary layoffs could be implemented in stages between 1 January and 30 June 2025. The maximum duration of a temporary layoff is 90 days.
The measures affect UPM’s operations in Lappeenranta, Pietarsaari, Pori, Kuusankoski, Tampere and Juupajoki. The purpose of the measures is to ensure profitability of the company’s operations in Finland.
The union representatives at UPM’s factory in Kouvola are not optimistic regarding their chances to influence the otucomes of the negotiations and reduce the number of redundancies. UPM however describes the negotiations as genuine and without a set outcome.
UPM is a Finnish forest industry company with operations in 12 countries and around 17,000 employees worldwide.
Update 2024-12-05
Following the completion of a collective consultation process UPM Fibres will eliminate 88 positions. The company will also implement temporary lay-offs in the spring of 2025.
Eurofound (2024), UPM Fibres, Internal restructuring in Finland, factsheet number 201721, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201721.