| UPM to Temporarily Reduce its Sawmilling Capacity |
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Helsinki, Finland, 13 February 2008 -- Due to the quickly weakened market situation, UPM will reduce its sawmilling capacity by temporarily reducing production at all the company's seven sawmills in Finland. The production reductions at each mill will be carried out according to separate plans for each mill. Employee negotiations on production reductions and the possible temporary layoffs will start immediately.
In Finland, UPM operates seven sawmills. They are located in Lappeenranta, Kajaani, Pietarsaari, Korkeakoski, Heinola, Pori, and Leivonmäki.
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