UPM Raflatac RFID Business Area concluded employee negotiations

Archive 22.4.2010 0:00 EEST

(UPM Raflatac, Tampere, 22 April 2010) – UPM Raflatac RFID Business Area has concluded the employee negotiations started in February.

In accordance with the plan communicated in February, UPM Raflatac will relocate new product piloting from Jyväskylä, Finland, into its volume factories and closer to fastest growing markets in Guangzhou, China and Fletcher, North Carolina in the USA.

As a result of the negotiations, the number of employees in Jyväskylä will decrease by 16 persons, and 16 people will continue to work for RFID Business Area in Jyväskylä. The actions are estimated to be completed by the end of 2010.

For more information, please contact:
Mr Marcus Vaenerberg, Senior Vice President, RFID, UPM Raflatac tel. +358 204 168 133

About UPM Raflatac
UPM Raflatac, part of UPM’s Engineered Materials Business Group, is one of the world’s leading suppliers of self-adhesive label materials and the world’s number one producer of HF and UHF radio frequency identification (RFID) tags and inlays. UPM Raflatac has a global service network consisting of 13 factories on five continents and a broad network of sales offices and slitting and distribution terminals worldwide. UPM Raflatac employs 2,600 people and made sales of approximately EUR 0.95 billion (USD 1.3 billion) in 2009. Further information is available at www.upmrfid.com.