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UPM Plywood is planning an organizational reform and adaptation of operations to reflect the reduced production capacity and the weakening market situation.<\/span> The company will start change negotiations, which will involve 262 employees in the head office functions, sales offices and factories in Finland.<\/p>\n A maximum of 35 tasks is estimated as the need for reduction.\u00a0Change negotiations are conducted in accordance with local legislation.<\/p>\n ''In the new situation, renewing the company's operations and maintaining cost competitiveness and the long-term profitability of the business is extremely important,'' says UPM Plywood's Business Director\u00a0Mika Kekki\u00a0.<\/p>\n UPM Plywood's production capacity has decreased significantly over the past three years.\u00a0The company closed the unprofitable Jyv\u00e4skyl\u00e4 plywood factory in 2020 and sold the Chudovo plywood factory in Russia this spring.\u00a0A total of 255,000 cubic meters of production capacity has been removed.<\/p>\n In recent months, the demand for spruce plywood and veneer has decreased due to the weakening of the construction cycle.\u00a0UPM Plywood has adjusted spruce plywood and veneer production with layoffs throughout the beginning of the year.\u00a0The outlook for the birch plywood distribution business is also uncertain.<\/p>\n In connection with the organizational reform and adaptation of operations, UPM Plywood develops its operating model to better support the company's strategic focus areas and invests in utilizing the opportunities brought by digitalization.<\/p>","protected":false},"excerpt":{"rendered":" UPM Plywood is planning an organizational reform and adaptation of operations to reflect the reduced production capacity and the weakening market situation. The company will start change negotiations, which will involve 262 employees in the head office functions, sales offices … Continue reading