Co-operative negotiation regarding UPM Plywood Head Quarter operations and Sales in Finland have been completed

(UPM, Lahti, 10 October 2011 at 14:00 EET) – The co-operative negotiation, started in September, regarding UPM Plywood Head Quarter operations and Sales in Finland have been completed. As a result of the negotiations, the number of UPM Plywood’s personnel in Finland will reduce by 53 persons, out of which 35 will be redundancies. The reduction takes place primary in Lahti. The reasons for the reduction are Head Quarter and Sales organisations’ re-organisation and improvement of efficiency.

The personnel reduction will take place by the mid of 2012. The persons, who are left unemployed, will be provided support for re-employment. The number of personnel in UPM Plywood after the reduction will be about 2500, out of which, about 1700 in Finland. The number of personnel in Lahti will be about 85 after the reduction.

The co-operative negotiation regarding UPM Plywood Head Quarter operations and Sales in Finland were completed ahead of estimated schedule. Negotiations regarding the international sales network and Mill Maintenance in Finland, which were started at the same time, are still on-going.

For further information please contact:
Mr Petri Parjanen, Director, UPM, Plywood, Human Resources, tel. +358 40 833 5297