Restructuring events
European Restructuring Monitor (ERM)
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.
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.
Eurofound (2008), UPM Kymmene, Internal restructuring in World, factsheet number 67070, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67070.