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 17.12 - Manufacture of paper and paperboard
252 jobs Number of planned job losses
Announcement Date
14 November 2014
Employment effect (start)
Foreseen end date
31 March 2015
Description
Forestry company and paper manufacturer UPM has announced plans to close two production facilities in Kaukas and Jämsä, Finland, making 250 people redundant. The closures are due to a declining demand for paper products as newspaper sales are declining in favour of digital services. The reductions in Finland are part of a larger, group wide, restructuring program which also affects sites in the UK and France. The reason behind the closures in Finland is cited as the inflexible labour market of the country which raises costs and drives away production.
Update, 21-02-2015: UPM has finished the negotiations concerning the employees at the Kaukas and Jämsä plants. In Jämsä 138 employees will lose their jobs, and in Kaukas 114 positions will be made redundant. The plants are planned to close down in march. The total loss of jobs in Finland amounts to 252.
Sources
14 November 2014: Helsingin Sanomat
20 January 2015: Yle Uutiset
20 January 2015: UPM (press release)
Citation
Eurofound (2014), UPM, Closure in Finland, factsheet number 77903, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77903.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
