Salaried employees strike at UPM ended

Helsinki, 2011-04-20 08:45 CEST (GLOBE NEWSWIRE) -- (UPM, Helsinki, 20 April 2011 at 09:45 EET) – The salaried employees’ two-week strike, which started in UPM’s operations in Finland 6 April, has ended today at 6 am. Around 1,000 salaried employees working, among others, within production, supply chain, finance and HR participated in the strike.

"The cost impact of the strike was around one million euros, which is smaller than anticipated. Thanks to large special arrangements and the flexibility of other employees we managed to secure our customer deliveries and keep production lines running except one paper machine at our Tervasaari mill. Unfortunately, resulting from the strike, delays in UPM’s payment traffic will continue for weeks," says Jyrki Ovaska, President of UPM’s Paper Business Group.

The Finnish Forest Industries Federation and the trade union Pro continued their negotiations led by the National Conciliator yesterday without a resolution. The negotiations will continue again on Tuesday 26 April. Pro has announced that it is expanding the salaried paper industry employees’ strike to Stora Enso, Metsäliitto and Myllykoski Paper for a two-week period starting on Wednesday 27 April. The planned strike does not include UPM.

For further information, please contact:
Mr Jyrki Ovaska, President, UPM, Paper Business Group, tel. +358 204 15 0564

UPM, Corporate Communications
Media Desk, tel. +358 40 588 3284
media@upm.com