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 17.29 - Manufacture Of Other Articles Of Paper And Paperboard
New offshoring locations
Belgium, Finland, Poland
154 jobs Number of planned job losses
Announcement Date
27 November 2024
Employment effect (start)
1 January 2025
Foreseen end date
31 December 2025
Description
UPM Ratflac announced to close its site in Kaltenkirchen. 154 jobs are affected by the closure. UPM Ratflac manufactures self-adhesive paper and labels.
The company stated that the closure was necessary as the company is improving the profitability of its business and centralises business at certain production sites. Moreover, UPM Ratflac wants to improve efficiency and competitiveness. Therefore, it decided to concentrate its graphic segment in Belgium and its label production in Poland and Finland.
The closure of its German site in Kaltenkirchen will be realised in stages (throughout 2025). UPM Ratflac is a subsidiary of Finnish forestry company UPM.
Eurofound (2024), UPM Raflatac, Offshoring/Delocalisation in Germany, factsheet number 202048, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202048.
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