An approved collective labour agreement has put an end to the six-week long lockout at UPM-Kymmene’s Finnish pulp a…
An approved collective labour agreement has put an end to the six-week long lockout at UPM-Kymmene’s Finnish pulp and paper mills. The newly approved three-year wage agreement between the Finnish Forest Industries Federation and the Paperworker’s Union is being called a ‘step in the right direction.’ "The new contract leaves room and possibilities for the local mill management and employees to agree locally on how to organize the work in a reasonable manner," said Jussi Pesonen, president and CEO of UPM. "It is also positive that people can return to their normal daily routines," he added.
The cost impact of the new three-year agreement will be 4.4% for the first two years, and the third will be decided in the fall of 2007.
The starting up of UPM’s paper machines will begin gradually, but the mills are expected to be producing at full capacity by next week.
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