UPM's Timber business has concluded the employee negotiations for the second quarter of the year

(UPM, Lahti, 13 March 2009 at 10:00) – UPM Timber continues temporary lay-offs in Finland also during the second quarter of the year. As a result of the negotiations UPM's Timber business will temporarily lay off its entire staff during April-June this year. Sawmills at Alholma, Heinola and Kajaani will cease the production for over two months. Other mills, production units and staff functions will have temporary lay-offs according to separate schedules and plans during the second quarter of this year.

The weak profitability and ever weakening market situation in sawn timber and further processed products have made the business difficult during the first quarter of this year. UPM's Timber business employs approx. 900 people in Finland.

UPM's sawmills in Finland are located in Lappeenranta (Kaukas), Kajaani, Pietarsaari (Alholma), Korkeakoski, Heinola and Pori (Seikku). Further processing mills are located in Parkano, Aureskoski, Heinola and Lappeenranta.

For more information, please contact:
Mr. Arto Halonen, Senior Vice President, UPM Timber, tel. +358 40 8232877