HELSINKI (News release) -- UPM has completed the employee consultation process in Finland started in April. The company will improve efficiency in global functions by reorganizing and streamlining the operations. As a result, the number of employments in Finland will decrease by 28. In Germany and Austria, the process is still on-going.

UPM provides support for employees who are affected by the reductions. It includes outplacement services and training opportunities that support re-employment of the affected employees.

In 2020, the company decreased fixed and variable costs in different businesses and functions. Earlier this year, UPM completed the employee consultation process in UPM Timber to improve profitability and strengthen competitiveness.