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UPM Timber has completed employee consultation process

Press Release 25.3.2021 11:30 EET

UPM Timber has completed the employee consultation process started in early February on its plans to improve profitability and strengthen competitiveness. Based on the negotiations, the number of positions at UPM Timber will decrease by 43.

As a result of the negotiations, UPM Timber is renewing the management model of its sawmills and streamlining its supply chain. In addition, the small log line at Kaukas sawmill will be closed by the end of June 2021 and the operating model of Korkeakoski sawmill will be optimized.

UPM provides support for employees who are affected by the reductions. This includes outplacement services and training opportunities that support re-employment of the affected employees.

For further information please contact:
Mika Åby, Director of Alholma Sawmill, mika.aby@upm.com, tel. +358 40 585 2637
Antti Waajakoski, Director of Kaukas Sawmill, antti.waajakoski@upm.com, tel. +359 46 876 8043

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

UPM Timber produces redwood and whitewood sawn timber for the joinery, packaging, distribution, and construction industries. Our sawmills are powered entirely by renewable energy. We use certified Nordic raw material and the latest sawmilling techniques to produce high-quality sawn timber that fulfills our customers’ requirements. UPM Timber has four sawmills in Finland with a total annual capacity of 1.5 M cubic metres and its own sales network in Europe and Asia. UPM Timber employs around 400 people and has its headquarter in Tampere. www.upmtimber.com

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. 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 18,000 people worldwide and our annual sales are approximately EUR 8.6 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM Biofore – Beyond fossils. www.upm.com

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