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 Of Wood And Paper Materials Manufacture Of Paper And Paper Products 17 - Manufacture Of Paper And Paper Products
462 jobs Number of planned job losses
Announcement Date
11 March 2025
Employment effect (start)
11 March 2025
Foreseen end date
31 December 2025
Description
The Finnish paper manufacturer UPM has announced that it will cut about 462 positions worldwide in 2025.
The company plans to permanently close its paper mill in the German city of Ettringen in July 2025. At the unit, 235 jobs are expected to be cut UPM 2025-DE. Moreover, UPM plans to take additional measures at its factories in Finland, Germany, the UK, and the US. In total, all announced changes would affect 462 positions, with 107 in Finland, 314 in Germany, 34 in the UK, and 7 in the US.
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. The changes will be implemented in 2025.
The measure is driven by the need to adjust production capacity to market demand in light of overcapacity and a dynamically changing market.
Eurofound (2025), UPM, Internal restructuring in World, factsheet number 202537, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202537.
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