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.
The Finnish forest industry company UPM has initiated cooperation negotiations, planning to cut 107 job positions. The change negotiations concern UPM's Kaukaa paper mill in Lappeenranta, the Kymi paper mill in Kouvola, and the Rauma and Jämsänkoski paper mills.
At the Kymi paper mill in Kouvola, UPM intends to reduce 60 job positions and up to 45 dismissals. The change negotiations will affect the entire staff of UPM Kymi paper mill, i.e. 378 people. The change negotiations at the Kaukaa paper Mill Lappeenranta will also affect the entire paper mill workforce, 233 people. The negotiations could lead to the dismissal of 25 employees. At Rauma's paper mill, 18 job positions may be cut. At Jämsänkoski, the employment effects of the cooperation negotiations have not yet been publicly estimated.
In addition, temporary lay-offs are planned from autumn 2025, in at least Kymi and Kaukaa mills.
The cooperation negotiations are initiated due to the low market demand. UPM is simultaneously implementing cost savings in Germany, the United Kingdom, and the United States, affecting 462 jobs in total, the majority of which are in Germany. In 2024, UPM underwent internal restructuring in its Fibre operations in Finland, leading to the dismissal of UPM Fibres - Finland - 2024 88 staff. In Germany, the company closed down units in Dörpen UPM 2024 - Germany and UPM 2024 - Germany.
UPM is a Finnish forest industry company with operations in 12 countries and around 15,800 employees worldwide.
Eurofound (2025), UPM, Internal restructuring in Finland, factsheet number 202489, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202489.