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.
Finnish paper company UPM is to cut 196 jobs out of a total of 367 employees by 2015.
The company had announced in November 2014 a reorganisation and the shutdown of two paper mills at the Chapelle Darblay site (Seine-Maritime).
The number of job cuts has been reduced after a long negotiation with unions and employees representatives. On 30 April 2015 the management announced to the works council a reduction of redundancies from 196 to 170.. The management and unions are working on alternative measures to keep one of the paper mills and the number of redundancies could be further reduced. The Management will take a final decision by the end of June.
UPM had closed its site in Docelles (Vosges) making all 161 staff redundant by February 2014.
Eurofound (2015), UPM Kymmene France, Internal restructuring in France, factsheet number 83477, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/83477.