Mr. Joseph Kruger II, our Chairman and Chief Executive Officer, was awarded the Medal of the National Assembly of Québec on May 17, 2016, in Québec City, in recognition of his contribution as an exceptional citizen. The medal was awarded during a ceremony presided by Mr. Pierre Arcand, Minister of Energy and Natural Resources and Member for Mont-Royal, accompanied by Mr. Laurent Lessard, Minister of Forests, Wildlife and Parks, and other Members of the National Assembly. In granting him this honour, the Members of the National Assembly aim to underline Mr. Kruger’s significant contribution to the Québec community through the family company of which he has been Chairman and Chief Executive Officer since 1988. “In addition to being a phenomenal entrepreneur, Joseph Kruger II is above all an ambitious, passionate and generous man. I was proud to address the National Assembly to sincerely thank him for his exemplary achievement, and to underline Kruger Inc.’s contribution to the Québec community,” said Mont-Royal MNA, Mr. Arcand.
UPM has completed the employee consultation process in Finland started in April. The company will improve efficiency in global functions by reorganising 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.