UPM

Type
Internal restructuring
Country
Finland
Region
Manner-Suomi; Länsi-Suomi; Satakunta
Location of affected unit(s)
Rauma
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
17.1 - Manufacture of pulp, paper and paperboard
17.12 - Manufacture of paper and paperboard
90 jobs
Number of planned job losses
Job loss
Announcement Date
17 January 2013
Employment effect (start)
Foreseen end date
30 June 2013

Description

Paper company UPM has announced plans to shut down one production line at its Rauma plant, leading up to 90 redundancies. The company has started negotiations with employee representatives on the cuts. The shut-down of one of Rauma's machines should be concluded during the first half of 2013.

UPM plans to adjust to decreasing demand reduce paper capacity from its European plants. In addition to Finland (Rauma), redundancies are expected in France and Germany. News of the redundancies were followed by a one-day protest walk-out from the Rauma plant.

Sources

  • 17 January 2013: UPM Press Release
  • 17 January 2013: YLE News

Citation

Eurofound (2013), UPM, Internal restructuring in Finland, factsheet number 74831, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74831.