Analyst Research

Report Title Price
Provider: ValuEngine, Inc.
$49.00
Provider: ValuEngine, Inc.
$25.00
Provider: Reuters Investment Profile
$20.00
Provider: Reuters Investment Profile
$20.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

UPM-Kymmene Corporation Plans to Reorganize Head Office Activities of European Business, UPM Paper ENA; Company Starts Employee Consultation Process


Friday, 27 Sep 2013 02:35am EDT 

UPM-Kymmene Corporation announced that it plans to reorganize Head Office activities of its European business, UPM Paper ENA. The aim is to improve profitability by creating a leaner management structure. In the same connection UPM Paper ENA’s head office will be relocated from Helsinki to Augsburg with the aim to be present at the main markets and close to the customers. The planned changes will have an impact to the whole UPM Paper ENA’s way of working. According to the plan the new organization would be smaller than the current one and have less organizational layers. The employee consultation process in Finland will be started immediately covering the current head office staff of UPM Paper Business Group. This employee consultation process does not cover Tampere Supply Center nor the mill organizations. The number of positions affected by the planned changes is 75. If this plan is realized, the above mentioned changes would have an impact on maximum 45 positions in Finland. 

Company Quote

18.03
0.26 +1.46%
12:43pm EDT