UPM Paper

Type
Internal restructuring
Country
European Union
Region
Location of affected unit(s)
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
108 jobs
Number of planned job losses
Job loss
Announcement Date
21 March 2017
Employment effect (start)
21 March 2017
Foreseen end date

Description

UPM Paper, the world's leading paper manufacturer announced the cuts of up to 108 jobs in several UPM’s European sites. The company employs 8,000 people in Europe and North America. This job reduction is a further rationalisation measure and follows the recent decision to close production at two paper plants, one in Augsburg, Germany, which has been completed at the end of 2016 and one in Steyremühl, Austria which has been closed in the first quarter of 2017.

The company confirms that the plan have no effect on production and will affect supply, customer service, sales, and technical customer service teams.  

Sources

  • 21 March 2017: euwid-paper.com

Citation

Eurofound (2017), UPM Paper, Internal restructuring in European Union, factsheet number 90638, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90638.