UPM

Type
Internal restructuring
Country
Finland
Region
Manner-Suomi;
Location of affected unit(s)
Aureskoski and Kajaani
Sector
Manufacturing
Manufacture Of Wood And Paper Materials
Manufacture Of Wood And Of Products Of Wood And Cork, Except Furniture; Manufacture Of Articles Of Straw And Plaiting Materials
16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
160 jobs
Number of planned job losses
Job loss
Announcement Date
18 June 2004
Employment effect (start)
Foreseen end date

Description

UPM has started cooperation talks with the personnel in order to lay-off 160 employees in its sawmills in Aureskoki and Kajaani. The weak demand of sawn timber of pine is said to be the reason for the cost saving programme.

Sources

  • 18 June 2004: Helsingin Sanomat

Citation

Eurofound (2004), UPM, Internal restructuring in Finland, factsheet number 60395, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60395.