KURSSIT JA MARKKINAT / UUTISET / KOTIMAISET UUTISET

Employee consultation processes at UPM Plattling concluded

24.06.2019 klo 10:00 Employee consultation processes at UPM Plattling concluded



(UPM, Helsinki, 24 June 2019 at 10:00 EET) - UPM decided to permanently close
paper machine 10 at UPM Plattling, Germany, with the aim to further increase
cost competitiveness of the paper business and reducing coated mechanical paper
capacity in Europe by approximately 155.000 tonnes. The decision is based on the
plan announced in April 2019.

The employee consultation processes were conducted in line with the local
legislations and are now finalised. The number of persons affected is 155 and
paper machine 10 in Plattling will be permanently closed by mid July 2019. Paper
production on the remaining machines will be continued at the Plattling site.

"The recent weeks have not been easy for the employees at our Plattling site. We
are therefore pleased to have led a constructive and fair consultation process
to a conclusion which helps diminish the impact of the closure. We regret this
decision but remain convinced that it will support the competitiveness of both
UPM Communication Papers as well as the remaining assets at the Plattling site
in the long run. The discipline and commitment of our employees in Plattling
during the process has been remarkable," says Ruud van den Berg, Senior Vice
President, Magazines, Merchants and Office Business, UPM Communication Papers.


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


About UPM Plattling
UPM Plattling manufactures graphic papers with the annual capacity of 785,000
tonnes. Located in Bavaria, Germany the mill employs about 590 people.


About UPM Communication Papers
UPM Communication Papers is the world's leading producer of graphic papers,
offering an extensive product range for advertising and publishing as well as
home and office uses. The high performing papers and service concepts of UPM add
value to our customers' businesses, while actively fulfilling demanding
environmental and social responsibility criteria. With headquarters in Germany,
UPM Communication Papers employs approximately 8,000 people. More about UPM
Communication Papers and its products at www.upmpaper.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. We employ around
19,000 people worldwide and our annual sales are approximately EUR 10.5 billion.
Our shares are listed on Nasdaq Helsinki Ltd. UPM Biofore - Beyond fossils.
www.upm.com

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#biofore #beyondfossils



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Source: UPM via GlobeNewswire
http://www.upm.com/EN/Pages/default.aspx
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