UPM closes the unexplained pay gap
(UPM, Helsinki, 20 December 2021 at 11:00 EET) – UPM has completed its company-wide pay equity review and now eliminates unexplained gender pay gaps – that is, differences not justified by, for example, work performance, experience, job level or location. Although UPM salaries and wages are mostly equitable, approximately 2.3% of UPM employees, or 400 UPMers, will receive a pay adjustment. UPM has employees in 46 countries and the pay gaps were identified in 10 countries. The pay adjustments will be implemented as of 1 January 2022, simultaneously in all locations. ”It’s a generally