EMCC European Monitoring Centre on Change

UPM Kymmene

Company/Organisation:
UPM Kymmene

Geographic Location

Country: World

Company

Sector: Manufacturing
Manufacture of wood and paper products, and printing
17 - Manufacture of paper and paper products
Number Employed: 27000

Employment Effects

Announcement Date: 11-09-2008
Planned Job Reductions min: 1600
Planned Job Reductions max: 1600
Type of Restructuring: Internal restructuring
Foreseen End Date: 31-12-2010
Direct Dismissals: 1600

Additional Information

UPM-Kymmene, a Finnish pulp and paper manufacturer, has announced a cost reduction programme that will involve layoffs of 1,600 employees worldwide. The staff reduction will affect mainly operation units in Finland where non-profitable paper mills may be closed. Overall restructuring measures are to be implemented in the period 2009-2010. UPM-Kymmene currently employs 27,000 people in 14 countries.