UPM to Close Its Myllykoski Paper Mill

The personnel reductions will affect 371 people at the Myllykoski paper mill and 21 people at Myllykoski Corp. and Myllykoski Sales Nordic. Personnel reductions will start in January 2012.

During the negotiations, issues such as pension schemes, relocations within the company, retraining and ways to alleviate the effects of redundancies were discussed. UPM will implement a program— called “From Job to Job”—to support its employees during the transition.