UPM Plywood closes Jyväskylä plywood mill – employee consultation process completed

In June UPM announced plans to permanently close its Jyväskylä plywood mill. The employee consultation processes regarding the plan have now been completed.

UPM Jyväskylä plywood mill will be permanently closed on 31.07.2020. The reduction of personnel is 147 people.

“I want to thank all parties for an open and constructive consultation process. We have focused on finding best possible solutions for the employees affected. In addition to regulatory measures, UPM provides support for alternative routes to new careers. For example, through training, further education or entrepreneurship. In addition, we will support relocation to open positions in other UPM Plywood mill sites”, says Mika Sillanpää, EVP UPM Plywood.

The planned actions will strengthen UPM Plywood’s overall competitiveness and performance in the long run. UPM will recognise restructuring charges of approximately EUR 22 million as items affecting comparability in its Q2 2020 results. The planned actions would result in annual savings of approximately EUR 11 million.
https://www.upm.com/about-us/for-media/releases/2020/07/upm-plywood-closes-jyvaskyla-plywood-mill–employee-consultation-process-completed/

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