UPM Shuttering Paper Mill, Costing Nearly 400 Jobs
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HELSINKI, FINLAND—UPM will permanently cease production at the Myllykoski paper mill by the end of this year. The mill produces coated and uncoated magazine paper. Total production capacity of its three lines is 600,000 tons.
The company and its employees were unable to establish a way to meet the commercial requirements for continuation of operations at the mill during employee negotiations. In addition, the manufacturer is cutting down its overlapping operations in paper sales, the supply chain and its functions in Finland.
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