UPM prepares to adjust pulp production in Finland
The company has initiated consultations with plant employee representatives regarding possible temporary layoffs that may occur during the scheduled maintenance shutdown
The business area of UPM Fibres started consultations with employee representatives at the Kaukas pulp mill, sawmill and wood reception to prepare for possible temporary production adjustment to address the market situation.
Thus, the company prepares for the temporary layoff personnel of the facility for a fixed period. The possible temporary layoffs could take place in several periods and would last a maximum of 90 days. The total number of employees covered by the employee consultations is approximately 370.
In this sense, the temporary adjustment of pulp production and possible temporary layoffs could possibly take place in the second half of the year during the planned maintenance shutdown. According to the company, decisions on possible temporary layoffs will be taken after the consultations have been concluded.
Recently, UPM announced, in a statement, that it has lowered its outlook for 2023 due to the slower recovery of deliveries in most businesses and the rapid fall in pulp prices. In early 2023, the company conducted consultations with employees regarding temporary layoffs in UPM Communication Papers, UPM Specialty Papers and UPM Plywood Business Areas.
