UPM's Plywood Business has completed employee negotiations at Kalso veneer mill in Finland

(UPM, Lahti, 6 July 2009 at 11.00) – As a result of the employee negotiations started in May, the number of production and maintenance personnel at Kalso veneer mill in Finland will be reduced by 53 persons. UPM Plywood will also continue temporary lay-offs covering all personnel. These measures are carried out to adjust the mill operations to the increased production efficiency and to the current market situation.

The personnel reductions will take place in 2009. The persons made redundant will be offered support in re-location.

After the reductions, the number of personnel at Kalso mill will be 127, of which 111 will work in production and maintenance.

For more information, please contact:
Kari Hyvönen, Vice President, Operations, UPM Plywood, tel. +358 400 258 293
Petri Parjanen, Director, Human Resources, UPM Plywood, tel. +358 40 833 5297