UPM to Close Down Its Albbruck Paper Mill in Germany

During the negotiations concerning reconciliation of interest and social plan, issues such as pension schemes, support for re-employment, relocations within the company, re-training and compensation payments were discussed and agreed.

“We understand the disappointment of the Albbruck mill employees. All the participants of the round table discussions have done their utmost to find a future-oriented concept for the mill. Despite this strong commitment of people involved, no solution could be found as the concepts presented by potential investors were not economically sound. UPM will implement a social plan in order to alleviate the effects caused by personnel reductions in a responsible way,” says Hartmut Wurster, executive vice president, who represented UPM during the round table discussions.