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
108 jobs Number of planned job losses
Announcement Date
21 March 2017
Employment effect (start)
21 March 2017
Foreseen end date
Description
UPM Paper, the world's leading paper manufacturer announced the cuts of up to 108 jobs in several UPM’s European sites. The company employs 8,000 people in Europe and North America. This job reduction is a further rationalisation measure and follows the recent decision to close production at two paper plants, one in Augsburg, Germany, which has been completed at the end of 2016 and one in Steyremühl, Austria which has been closed in the first quarter of 2017.
The company confirms that the plan have no effect on production and will affect supply, customer service, sales, and technical customer service teams.
Sources
21 March 2017: euwid-paper.com
Citation
Eurofound (2017), UPM Paper, Internal restructuring in European Union, factsheet number 90638, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90638.
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