UPM to close Jyväskylä plywood mill on 31 July

The Finnish bio-forestry company UPM has decided to permanently close its Jyväskylä plywood mill, which produces spruce and birch plywood, on July 31, said a press release on Tuesday.

Earlier, In June, UPM announced its plan to permanently close the mill.

The employee consultation processes regarding the plan have now been completed. The reduction of personnel will be 147 people.

“I want to thank all parties for an open and constructive consultation process. We have focused on finding the best possible solutions for the employees affected. In addition to regulatory measures, UPM provides support for alternative routes to new careers, for example, through training, further education or entrepreneurship. In addition, we will support relocation to open positions in other UPM Plywood mill sites,” said UPM Plywood EVP Mika Sillanpää.

UPM will recognise restructuring charges of approximately EUR 22 million as items affecting comparability in its Q2 2020 results. The planned actions would result in annual savings of approximately EUR 11 million.