Finland's UPM to close Kaltenkirchen factory, hitting 154 jobs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 27 2024
0mins
Source: Reuters
UPM's Plant Closure: UPM's Raflatac unit will permanently close its Kaltenkirchen plant in Germany, affecting 154 jobs, to enhance efficiency by transferring production to facilities in Poland, Finland, and Belgium.
Job Cuts in Finland: The Fibres division of UPM has announced potential job cuts of up to 110 positions in Finland as part of efforts to improve efficiency and maintain profitability.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
