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UPM Plans to End Paper Production in Lappeenranta, 220 Jobs at Risk
8 Articles
8 Articles
UPM plans to end paper production in Lappeenranta, 220 jobs at risk
UPM-Kymmene is preparing to shut down paper production at its Kaukas mill in Lappeenranta by the end of the year, affecting an estimated 220 employees. The company cites overcapacity in the coated magazine paper market and declining global demand. The closure would involve halting operations of Paper Machine 1, originally commissioned in 1975. Final decisions will follow the conclusion of mandatory labour consultations, which begin on 31 July an…
In Lappeenranta, UPM's Kaukas paper mill's plans to cease paper production threaten to eliminate the jobs of up to 220 employees. No new jobs are planned for Rauma.
There were practically no alternatives to the plan at the Kaukaan paper production mill, says Antti Hermonen, Chief Operating Officer of the UPM Communication Papers business area.
The company's comparable operating profit for the second quarter decreased by more than 30 percent from the comparison period.
Forestry company UPM plans to close its paper production plant in Kaukas, Lappeenranta. The company plans to concentrate its coated magazine paper production in Rauma, Finland.
UPM-Kymmene Loss: Paper Demand & Profit Dip – DI - Archyworldys
UPM-Kymmene Faces Significant Financial Headwinds, Announces Production Cuts Helsinki, Finland – Leading Finnish forest industry group UPM-Kymmene is grappling with substantial financial… The post UPM-Kymmene Loss: Paper Demand & Profit Dip – DI appeared first on Archyworldys.
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