UPM Silvesta in Jyväskylä, Finland, to cut 69 jobs after completing employee consultations started last month, leaving 132 forest workers, 15 office workers

JYVASKYLA, Finland , January 23, 2012 (press release) – UPM Silvesta Oy’s employee consultations to improve the efficiency of operations and the profitability of the company have been completed. The negotiations started in December 2011. Based on the consultations, the board of UPM Silvesta has decided to reduce the personnel by 69 employees. Many of these have the possibility to use different retirement schemes.

After the reduction UPM Silvesta employs 132 forest workers and 15 office workers. The reduction of the personnel will start immediately. The company will support the re-empoyment of the laid-off personnel.

”The decisions are hard, but necessary in improving UPM Silvesta’s profitability and maintaining a good service level in the future,” says Jukka Koivumäki, Managing Director of UPM Silvesta.

”Our aim is to expand our contractor network and train and develop our own personnel further in order to offer a wider range of services to forest owners and other parties needing different services related to forest work,” says Koivumäki.

UPM Silvesta is UPM’s subsidiary specialized in forestry work.

UPM leads the integration of bio and forest industries into a new, sustainable and innovation-driven future. Our products are made of renewable raw materials and are recyclable. UPM consists of three Business Groups: Energy and pulp, Paper, and Engineered materials. The Group employs around 24,500 people and it has production plants in 16 countries. UPM's annual sales exceed EUR 10 billion. UPM's shares are listed on the Helsinki stock exchange. UPM – The Biofore Company – www.upm.com

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.