No solution in the labor dispute between UPM Plywood and the Industrial Union – second proposal by the conciliator was accepted by UPM Plywood but rejected by the union

Press Release 15.4.2025 19:20 EEST

Conciliator Jukka Ahtela made a new settlement proposal in the labor agreement dispute between UPM Plywood and the Industrial Union on Monday. UPM Plywood accepted the proposal, but the union has today rejected it.

The settlement process will continue as soon as the National Conciliator considers it appropriate. The strikes by the Industrial Union will continue on UPM Plywood mills in Finland.

"We are very disappointed that the conciliator's new settlement proposal did not lead to a solution. Almost eight weeks of strikes on our mills are causing significant damage to our customers and have a long-term impact on our business and unfortunately also on the livelihood of employees participating the strikes," says Juhani Tenhunen, Vice President, Operations at UPM Plywood.

The strikes have halted production at UPM Plywood mills in Finland. UPM Plywood mills in Finland employ 1,000 people covered by the collective agreement with the Industrial Union. Production at UPM Plywood's Otepää mill in Estonia continues as normal.

For further information please contact:
Juhani Tenhunen, Vice President, Operations, UPM Plywood, tel. +358 (0)204 158 555

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

UPM Plywood offers high-quality WISA® plywood and veneer products for construction, vehicle flooring, LNG shipbuilding, parquet manufacturing and other industrial applications. In 2024, UPM Plywood sales were €430 million and it has around 1,600 employees. – wisaplywood.com

UPM is a material solutions company, renewing products and entire value chains with an extensive portfolio of renewable fibres, advanced materials, decarbonization solutions, and communication papers. Our performance in sustainability has been recognized by third parties, including EcoVadis and the Dow Jones Sustainability Indices. We operate globally and employ approximately 15,800 people worldwide, with annual sales of approximately €10.3 billion. Our shares are listed on Nasdaq Helsinki Ltd.
UPM – we renew the everyday
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