Stora Enso and UPM considering temporary shutdowns in Finnish plants in 2012
Stora Enso and UPM have started talks with employees at some of their Finnish mills to prepare for possible temporary shutdowns over the course of 2012. These would mainly affect the production of fine paper and magazine paper. If the measures are introduced, the affected employees would be temporarily laid off for the duration of the shutdown and up to a maximum of 90 days, the companies said. Both paper producers said difficult market negotiations led them to start the negotiations. But they stressed that no final decision on halting production had been made. This would be dependent on the demand situation next year, they said.