UPM to cut 202 jobs in Finland, abroad

The forest-based bio-industry company UPM will decrease the number of positions in the functions by 67, of which 46 in Finland as a part of its plan to improve efficiency in global functions.

UPM has completed the employee consultation process started in October to streamline the functions’ operations in five countries, said a press release.

The company has also concluded the consultations regarding the reorganisation and restructuring at the Finnish pulp mills and UPM Forest that were announced in August.

The consultations led to a reduction of 80 jobs in the Finnish pulp operations and 55 in UPM Forest.

Earlier this year, UPM has announced other measures to decrease fixed and variable costs in different businesses and to ensure future competitiveness in a highly uncertain market environment.

All measures combined are expected to result in annual cost savings of approximately 130 million euros.