UPM (company): Difference between revisions
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<u>Europe</u> |
<u>Europe</u> |
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In September 2008 UPM announced another cost reduction program that includes layoffs thousands of employees, and its [[Kajaani paper mill]] and [[Tervasaari pulp mill]] will be closed altogether. This will be the largest |
In September 2008 UPM announced another cost reduction program that includes layoffs thousands of employees, and its [[Kajaani paper mill]] and [[Tervasaari pulp mill]] will be closed altogether. This will be the largest layoffs ever in Finland. |
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In March 2006 UPM announced a cost reduction program that includes [[layoff]]s approximately 3,600 employees, nearly 3,000 of those in Finland, and its [[Voikkaa paper mill]] in [[Kuusankoski]] was closed altogether. This was the largest single layoff ever in Finland. This is attributed to the worldwide overproduction of paper. |
In March 2006 UPM announced a cost reduction program that includes [[layoff]]s approximately 3,600 employees, nearly 3,000 of those in Finland, and its [[Voikkaa paper mill]] in [[Kuusankoski]] was closed altogether. This was the largest single layoff ever in Finland. This is attributed to the worldwide overproduction of paper. |
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Revision as of 18:54, 5 October 2008
| File:UPM.svg | |
| Company type | Public |
|---|---|
| Industry | Paper, pulp and timber |
| Predecessor | Raf. Haarla Oy  |
| Founded | 1996 |
| Headquarters | Helsinki , Finland |
Key people | Björn Wahlroos (Chairman of the board), Jussi Pesonen (President and CEO) |
| Products | Publication and fine paper, wood products |
| Revenue | €10.04 billion (2007)[1] |
 €483 million (2007)[1] | |
Number of employees | 26,350 (2007)[1] |
| Website | www.upm-kymmene.com |
UPM-Kymmene Oyj (usually referred to simply as UPM; NYSE: UPM, Nasdaq Helsinki: UPM1V) is a Finnish pulp, paper and timber manufacturer. UPM-Kymmene was formed by the merger of Kymmene Corporation and Repola Ltd and its subsidiary United Paper Mills Ltd in 1996. The company's oldest mill is Papeteries de Docelles located in northeastern France, which was producing traditional handpaper at the end of 15th century.
Recent restructuring
Europe
In September 2008 UPM announced another cost reduction program that includes layoffs thousands of employees, and its Kajaani paper mill and Tervasaari pulp mill will be closed altogether. This will be the largest layoffs ever in Finland.
In March 2006 UPM announced a cost reduction program that includes layoffs approximately 3,600 employees, nearly 3,000 of those in Finland, and its Voikkaa paper mill in Kuusankoski was closed altogether. This was the largest single layoff ever in Finland. This is attributed to the worldwide overproduction of paper.
North America
UPM announced the permanent closure of a large mill complex in Miramichi, New Brunswick on December 17 2007, citing economic pressures in the North American forest industry.
See also
References
- ^ a b c "Annual Report 2007" (PDF). UPM-Kymmene. Retrieved 2008-04-13.
