UPM
announced that it plans to reorganize its Finance & Control operations and
to outsource recurring transactional tasks to an external company by the end of
second quarter 2014.
The
reorganization is expected to affect up to 180 positions, mainly in Finland and
China, UPM said.
The
plan is part of UPM’s profit improvement program published on the 6th of August
2013, the company added.
According
to UPM, the restructuring of operations aims to improve Finance & Control
function’s cost-efficiency through simplifying the ways of working and building
the ability to scale to current and future business needs.
