UPM Pulp and UPM Communication Papers reached a negotiated outcome

UPM Pulp, UPM Communication Papers and the Paper Workers’ Union have reached a negotiation outcome in the collective labour agreement negotiations concerning UPM’s Finnish pulp and printing paper mills.

“We are pleased that we have reached a negotiated outcome on the new collective agreements and would like to thank the Paper Workers’ Union for the constructive and good spirit negotiations. The contents of the negotiation outcomes now achieved create a good basis for the development of our business in Finland,” say Aki Temmes, Executive Vice President of UPM Fibres and Antti Hermonen, Senior Vice President, Operations of UPM Communication Papers.

The new collective agreements will have a two-year contract period and will enter into force upon approval by the Paper Workers’ Union’s Board. The union has announced that their Board will discuss the negotiation outcomes at its meeting on 5 June 2024.

Negotiations on the collective labour agreements for UPM Specialty Papers, UPM Raflatac and UPM Biofuels will continue.

https://www.upm.com/about-us/for-media/releases/2024/05/the-collective-labour-agreement-negotiations-at-upm-pulp-and-upm-communication-papers-reached-a-negotiated-outcome/

Related Posts

Mercer International Inc. reports second quarter and first half 2021 results

Mercer International Inc. reported second quarter 2021 Operating EBITDA increased to $83.8 million from $40.5 million in the second quarter of 2020 and from $82.0 million in the first quarter of 2021. In the second quarter of 2021, net income was $21.4 million compared to a net loss of $8.4 million in the second quarter of 2020 and net income of $5.9 million in the first quarter of 2021. In the first half of 2021, Operating EBITDA increased by 70% to $165.8 million from $97.5 million in the same period of 2020. In the first half of 2021, net income was $27.3 million compared to a net loss of $11.8 million in the same period of 2020.

KP Tissue Releases Third Quarter 2021 Financial Results

KPLP Q3 2021 Business and Financial Highlights • Revenue increased by $22.3 million or 6.0% to $391.4 million in Q3 2021 compared to $369.1 million in Q3 2020. • Adjusted EBITDA was $40.3 million in Q3 2021 compared to $46.2 million in Q3 2020, a decrease of 12.8%, and improved sequentially from $37.3 million in Q2 2021. • TAD Sherbrooke continues to run above the expected start-up curve. • Declared a quarterly dividend of $0.18 per share to be paid on January 17, 2022

Appvion Operations, Inc Sustainability Policy

Appvion is a North American leader in specialty papers and coatings. We aim to achieve sustained profitable growth for continued successful business development and improved corporate citizenship through responsible business practices and integrity. We are committed to building environmental sustainability, social responsibility, and effective corporate governance into all aspects of our business while ensuring that ecological stewardship is a key component of our corporate responsibility. Our approach to sustainability is focused on four key areas: Environment; Community; Workplace; and Economy.
Back To Top
×Close search
Search