The Finnish Paper Workers’ Union has terminated the collective agreements with UPM’s businesses
The Paper Workers’ Union has terminated its collective agreements with UPM Pulp, UPM Communication Papers, UPM Specialty Papers, UPM Raflatac and UPM Biofuels businesses to expire mid-term on 21 or 22 April 2024, depending on the agreement. "The Paper Workers’ Union's decision to terminate the collective agreements in the middle of the contract period is regrettable. We had hoped that wage increases and productivity improvements could have been discussed constructively without terminating the agreements. Our aim is to find mutually beneficial solutions without creating unnecessary insecurity," says Jyrki Hollmén, Vice President, Labour Markets at UPM. UPM's businesses and the Paper Workers’ Union have been negotiating for the last two years of the contract period. So far, the negotiations have focused on the parties' objectives. The business environment has changed significantly since the agreements were signed in 2022. UPM underlines the importance of defining wage increases in relation to mutually agreed productivity improvements.