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UPM Kymmene Oyj Closes Paper Machines at Rauma Mill and Ettringen Mill; Concludes Employee Negotiations Concerning Streamlining Paper Business Group and Global Functions in Finland; to Cut Jobs

Monday, 8 Apr 2013 03:00am EDT 

UPM Kymmene Oyj announced that it will permanently close down the paper machine 3 at UPM Rauma mill in Finland and the paper machine 4 at Ettringen mill in Germany by the end of the April 2013. The number of employees is reduced by 87 in UPM Rauma mill and by 150 in UPM Ettringen mill. The employee negotiations concerning the closing plans were concluded in March 2013. The Company has also concluded the employee negotiations with the employee representatives concerning streamlining the Paper Business Group and global functions in Finland. Employee negotiations in global functions continue in several countries following local schedules and processes. The selling processes of UPM Docelles paper mill and UPM Aigrefeuille further processing mill in France continue. In the Finnish employee negotiations the argumentation of personnel reductions, schedule and change support for the redundants were discussed. Employee reductions are a result of the Company’s need to permanently reduce paper capacity in Europe by a further 580,000 tons. Current business environment also makes evident the need for streamlining of the Paper Business Group and UPM’s global functions to remain cost competitive in the new business scale. The Company announced its plans on January 17, 2013. 

Company Quote

-0.11 -0.81%
19 Dec 2014