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, Printing And Reproduction Of Recorded Media Printing And Reproduction Of Recorded Media 18.12 - Other printing
1,300 jobs Number of planned job losses
Announcement Date
30 August 2011
Employment effect (start)
1 September 2011
Foreseen end date
Description
On 31st August, UPM-Kymmene announced its plans to reduce the annual production capacity around 2 percent, which will result in a loss of 1,300 jobs. The company is the world's biggest magazine paper maker by volume and it employs a total workforce of 24,500. The restructuring will take place in capacities in Finland, France and Germany. The company decided to close down two plants, Kouvoula (Finland) and Albbruck (Germany), that both together employ 932 workers. The site of Stracel (France), which has in total 262 employees, will be sold in the next 12 months. In addition, a paper production facility in Germany is planned to be closed down as well.
Eurofound (2011), UPM-Kymmene, Internal restructuring in European Union, factsheet number 72320, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72320.
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