Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of MRW, please enable cookies in your browser

We'll assume we have your consent to use cookies, so you won't need to log in each time you visit our site.
Learn more

UK business not affected by latest UPM cuts

UPM has no plans for cuts at its UK businesses the firm has said after the Finnish forestry group announced 860 job losses and reductions to operating capacity in mainland Europe.

The company said it would reduce 580,000 tonnes of graphic paper capacity in Finland, Germany and France.

Blaming the impact of European economic conditions on paper consumption exacerbating structural changes to the industry, UPM announced the closure of paper machine 3 at Rauma mill in Finland, paper machine 4 at Ettringen in Germany, the sale of Docelles mill in France, and further streamlining in the paper business and global functions.

A spokesman for UPM UK said the announcement would not affect the firm’s UK recovered paper business based at its Shotton mill in north Wales, and there were no plans for cuts here at present.

He added: “The paper business remains a challenging environment and thus UPM is looking at the ways to best improve the efficiency of its largest business group. There will be further reviews of UPM Paper operations and functions in due course.”

UPM will publish its end of year financial statement for 2012 on 31 January.

 

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.