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 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://apps.eurofound.europa.eu/restructuring-events/detail/202048.