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Keyword: UPM

UPM to cut 202 jobs

UPM-Kymmene is cutting 202 jobs, mostly in Finland, following the conclusion of statutory negotiations with its employees announced in [...]

UPM’s profits fall sharply in Q3/2020

   Finnish forestry product giant UPM reported a larger than anticipated drop in profits in its third quarter.  [...]

UPM permanently closes Kaipola mill in Finland

Employee consultations for UPM Communication Papers were concluded at the Jämsä River mills this week. The UPM Kaipola paper [...]

UPM to cut up to 170 jobs in Europe

As a result of the weakening world economic outlook as well as the COVID-19 related restrictive measures and their [...]

UPM to build a wood processing plant in Germany

Construction of a timber processing plant in Leuna, Germany, will start before the end of the third quarter of 2020 [...]

Closure of paper mill shifts focus on condition of Finland’s forestry sector

The operating conditions of the forest industry in Finland came into focus on Thursday as Finnish forestry giant UPM elaborated [...]

UPM quarterly profit falls sharply in Q2/2020

Finnish forestry giant UPM reported on Thursday a smaller-than-expected fall in quarterly profits, saying lockdowns hit paper demand [...]

UPM to reduce plywood production by the end of the month

UPM Jyväskylä plywood mill to be permanently closed on 31.07.2020, UPM announced. The jobs cut will be [...]

UPM, Stora Enso and Metsä prepared to face the economic downturn caused by the coronavirus

Despite the coronavirus pandemic, the early part of the year was still reasonably good for large Finnish forestry companies.   [...]