Helsinki (News release) - In May UPM Communication Papers announced plans to permanently close its Hürth newsprint mill and shutdown of one fine paper machine at Nordland Papier in Dörpen (PM 3). Both mills are located in Germany.

The respective participation processes with the employee representatives have been concluded. The number of positions affected is 338. Graphic paper production in Hürth is expected to end on 31 August 2024 and at Nordland Papier PM 3 latest by the end of 2024, resulting in annual reductions of 330,000 tonnes of newsprint paper capacity and 280,000 tonnes of uncoated fine paper capacity.

"In cooperation with the workers council, we have engaged in a constructive dialogue with the aim of developing responsible solutions for our employees. The thoughtful and collaborative approach taken by all parties during the consultations resulted in socially responsible solutions for our people," says Antti Hermonen, SVP, Operations, UPM Communication Papers.

The financial impact estimate of the announced closures are confirmed to remain materially unchanged from the announcement in May.