Helsinki (News release) -- UPM Pulp, UPM Communication Papers and the Paper Workers' Union have successfully negotiated new collective labour agreements for UPM's Finnish pulp and printing paper mills. The new contracts, set for a two-year period, will take effect pending approval from the Paper Workers' Union's Board on 5 June 2024.

"We are pleased that we have reached a negotiated outcome on the new collective agreements and would like to thank the Paper Workers' Union for the constructive and good spirit negotiations. The contents of the negotiation outcomes now achieved create a good basis for the development of our business in Finland," said Aki Temmes, Executive Vice President of UPM Fibres, and Antti Hermonen, Senior Vice President of Operations at UPM Communication Papers.

"We are pleased that we have reached a negotiated outcome on the new collective agreements and would like to thank the Paper Workers' Union for the constructive and good spirit negotiations. The contents of the negotiation outcomes now achieved create a good basis for the development of our business in Finland," say Aki Temmes, Executive Vice President of UPM Fibres and Antti Hermonen, Senior Vice President, Operations of UPM Communication Papers.

Meanwhile, negotiations on collective labour agreements for UPM Specialty Papers, UPM Raflatac, and UPM Biofuels continue.