Finland's UPM to close Kaltenkirchen factory, hitting 154 jobs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 27 2024
0mins
Should l Buy ?
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.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
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.
