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.
UPM Communication Papers, a global manufacturer of graphic papers and part of the Finnish UPM group, plans to close its paper mill in Ettringen, Germany, affecting 235 jobs in the production area.
The measure is driven by the need to adjust production capacity to market demand in light of overcapacity and a dynamically changing market. The closure is scheduled for July 2025, with the remaining production facilities to be used more efficiently and flexibly.
The planned restructuring includes redundancies, early retirement schemes, and natural attrition. Employee representatives will be involved in negotiations to agree on a social plan aimed at reducing the social impact on the affected employees.
In total, 462 positions will be cut worldwide, including in Finland, Germany, the UK, and the US. UPM Communication Papers operates ten paper mills globally and employs approximately 5,000 people; in 2023, 135 jobs were already cut at the Schongau mill in Germany UPM 2023 - DE.
Eurofound (2025), UPM Communication Papers, Closure in Germany, factsheet number 202506, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202506.
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