UPM Plywood to cut 53 jobs by mid 2012, mostly in Lahti, Finland, as company restructures HQ operations and sales

LAHTI, Finland , October 11, 2011 (press release) – The co-operative negotiation, started in September, regarding UPM Plywood Head Quarter operations and Sales in Finland have been completed. As a result of the negotiations, the number of UPM Plywood's personnel in Finland will reduce by 53 persons, out of which 35 will be redundancies. The reduction takes place primary in Lahti. The reasons for the reduction are Head Quarter and Sales organisations' re-organisation and improvement of efficiency.

The personnel reduction will take place by the mid of 2012. The persons, who are left unemployed, will be provided support for re-employment. The number of personnel in UPM Plywood after the reduction will be about 2500, out of which, about 1700 in Finland. The number of personnel in Lahti will be about 85 after the reduction.

The co-operative negotiation regarding UPM Plywood Head Quarter operations and Sales in Finland were completed ahead of estimated schedule. Negotiations regarding the international sales network and Mill Maintenance in Finland, which were started at the same time, are still on-going.

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