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UPM closes paper machine 2 in Rauma – Employee consultation processes concluded

Investor news 5.11.2019 10:00 EET

In early September UPM announced plans to permanently close paper machine 2 in Rauma, Finland. The employee consultation processes have now been completed. Paper machine 2 in Rauma will be permanently closed on 6 November 2019. The reduction of personnel is 179 (159 permanent and 20 temporary contracts not prolonged). Following the closure, SC paper production capacity will be reduced by 265.000 tonnes annually.

The production on the remaining two paper machines in Rauma will continue as before.

“The recent weeks have not been easy for us all. But in times of a continuously challenging market environment and an accentuated decline of demand for graphic papers, we have to secure the future competitiveness of UPM’s paper business and the remaining assets at the Rauma site. We have focused on finding socially acceptable solutions for the employees affected with the clear intention to diminish the impact of this closure. The consultation process was fair, open and constructive at all times,” says Anu Ahola, Senior Vice President, News & Retail, UPM Communication Papers.

For further information, please contact:
UPM Communication Paper Stakeholder Relations, tel. +49 821 3109 225, paperinfo@upm.com

For local information, please contact:
Timo Suutarla, General Manager, UPM Rauma, tel. +358 204 14 3100

UPM, Media Relations
Mon-Fri 9:00-16:00 EET
tel. +358 40 588 3284
media@upm.com

About UPM Communication Papers
UPM Communication Papers is the world's leading producer of graphic papers, offering an extensive product range for advertising and publishing as well as home and office uses. The high performing papers and service concepts of UPM add value to our customers' businesses, while actively fulfilling demanding environmental and social responsibility criteria. With headquarters in Germany, UPM Communication Papers employs approximately 8,000 people. More about UPM Communication Papers and its products at www.upmpaper.com

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UPM
We deliver renewable and responsible solutions and innovate for a future beyond fossils across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. We employ around 19,000 people worldwide and our annual sales are approximately EUR 10.5 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM Biofore – Beyond fossils. www.upm.com

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