Negotiations between UPM and Paperworkers’ Union continue in conciliation process, union announces extension to the strike at several UPM mills in Finland

Investor news 16.3.2022 14:00 EET

Negotiations for the new collective labour agreements between UPM businesses and Paperworkers’ Union have continued intensively. Today the union announced a two weeks’ extension to the strike at most UPM’s Finnish mills, until 16 April 2022, unless new collective labour agreements are reached before that. The Paperworkers’ Union’s strike at UPM Pulp, UPM Biofuels, UPM Communication Papers, UPM Specialty Papers and UPM Raflatac units in Finland began 1 January 2022. Currently, approximately 200 union members work at the mills in tasks critical to society, such as power plants and water treatment facilities.

“In recent weeks the parties have negotiated primarily in one-on-one negotiations. Despite intense negotiations, agreements have not been reached. Therefore, UPM Pulp’s negotiations continue now in the official conciliation process”, says Jyrki Hollmén, Vice President, Labour markets at UPM.

UPM will service its customers from its mills outside of Finland to the extent possible. At this point, UPM does not disclose estimates of the economic impacts of the strikes.

For further information, please contact: 
Jyrki Hollmén, Vice President, Labour markets, UPM, tel. +358 20 4150 051

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

We deliver renewable and responsible solutions and innovate for a future beyond fossils across six business areas: UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. As the industry leader in responsibility, we are committed to the UN Business Ambition for 1.5°C and the science-based targets to mitigate climate change. We employ 17,000 people worldwide and our annual sales are approximately EUR 9.8 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM Biofore – Beyond fossils.

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