UPM’s relocation programme proceeds as planned - More than 120 vacancies available internally

The extensive relocation programme launched by UPM for those who are losing jobs at the Group’s sawmills and plywood mills in Finland is proceeding as planned. The first 122 vacancies at Wood Products Division's units in Finland have now been made available for internal application. There are 96 shop floor and 26 administrative vacancies available.

The vacancies are within those Wood Products Division's units not affected by the production cuts. Vacancies have become available in these units through attrition and production rearrangements. Vacancies are available at Heinola, Joensuu, Jyväskylä, Lappeenranta, Ristiina, Savonlinna, Lahti, Vuohijärvi, Keuruu, Luumäki, Korkeakoski and Pori.

"Our aim is to find a new job for as many persons as possible, either at our other sawmills and plywood mills or at other UPM units in Finland. We are supporting the move by granting these people a month’s pay for relocation costs, compensating direct moving expenses and assisting with home acquisition," says Riitta Savonlahti, Executive Vice President of Human Resources.

In an initial survey charting interest in relocation, a total of 100 people from the Wood Products Division's units facing closure or reductions expressed their interest in jobs at another UPM location in Finland. The next relocation interest survey will be conducted in January 2005.

More jobs will become available at other UPM units in 2005 and 2006. Information on these vacancies will be sent to those whose jobs have been terminated even if they no longer work for the company. They will have priority over external applicants, if training for the post can be provided within a reasonable time. Eventual retraining will be primarily carried out in the form of apprenticeship training.

The relocation programme is otherwise proceeding as follows:
- those who are losing jobs have received change training and information on public employment services and job and training opportunities
- individual and group training will also be provided in job-seeking and in the recognition of individual strengths
- retiring employees will receive change training and practical information
- supervisors have been trained to support staff in times of change
- application for the first retraining programme started in the first week of November when 15 Rauma Stevedoring apprenticeship training placements became available. The training will start on January 3, 2005.
- the UPM Lotila industrial school will arrange a special training course for Paper Division jobs. Twenty openings are reserved for those forced to leave jobs at sawmills and plywood mills. The application and selection process will be completed by the end of January and the training will start in February 2005.

The Financial severances are not applied in Finland.

UPM, Wood Products Division
Communications
November 23, 2004