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 17.1 - Manufacture of pulp, paper and paperboard
200 jobs Number of planned job losses
Announcement Date
16 February 2010
Employment effect (start)
Foreseen end date
31 December 2010
Description
UPM plans to cut 200 jobs at its pulp and paper mills Kaukas in Lappeenranta and Kymi in Kouvola. At both mills, negotiations with employees will start in February 2010. The estimated impact of the planned measures in terms of job losses is around 100 at each mill. Following the restructuring, the number of employees at the Kaukas mill will be about 700 and another 600 will be employed at the Kymi mill by the end of 2010.
Sources
16 February 2010: www.tekniikkatalous.fi
Citation
Eurofound (2010), UPM, Internal restructuring in Finland, factsheet number 70215, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70215.
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