UPM Fibres plans measures to safeguard profitability and starts change negotiations in Finland

(UPM Fibres, Helsinki, 8 October 2024 at 11:05 EEST) – UPM Fibres plans measures to increase efficiency and safeguard the profitability of its operations in Finland and starts change negotiations in its Fibres Finland Operations. The planned measures include the possible reduction of 110 positions. The change negotiations cover approximately 1,600 employees in the UPM Pulp operations in Finland, UPM Forest and UPM Timber. The change negotiations will also include possible temporary layoffs in the UPM Pulp operations in Finland and in UPM Timber. The possible temporary layoffs could take place according to the market situation, if and as needed, between 1 January 2025 and 30 June 2025. Any temporary layoffs could be implemented in stages and could last in total a maximum of 90 days. For further information, please contact: Petri Hakanen, SVP, Fibres Finland Operations, UPM Fibres, tel. +358 40530 5595 UPM, Media Relations Mon-Fri 9:00–16:00 EEST tel. +358 40 588 3284 media@upm.com UPM Fibres UPM Fibres consists of UPM’s pulp and timber businesses as well as wood sourcing and forestry operations. UPM Pulp has three pulp mills in Finland and two pulp mills and plantation operations in Uruguay. UPM Timber operates four sawmills in Finland. UPM Forest secures competitive wood and biomass for the UPM businesses, manages UPM-owned and privately owned forests in Northern Europe and offers forestry services to forest owners and forest investors. . upmpulp.com | upmtimber.com | upmmetsa.fi (FI) UPM We deliver renewable and responsible solutions and innovate for a future beyond fossils across six business areas : UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. As the industry leader in responsibility, we are committed to the UN Business Ambition for 1.5°C and the science-based targets to mitigate climate change. We employ 16,600 people worldwide and our annual sales are approximately EUR 10.5 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM Biofore – Beyond fossils.www.upm.com Follow UPM onX (https://twitter.com/UPMGlobal)|LinkedIn (https://www.linkedin.com/company/upm-kymmene)|Facebook (https://www.facebook.com/UPMGlobal)|YouTube (https://www.youtube.com/user/upmdotcom)|Instagram (https://www.instagram.com/upmworld/)| #UPM #biofore #beyondfossils