UPM Raflatac announced in October 2020 its plans to simplify its organisation and increase efficiency in operations and distribution. All related employee consultation processes in various European countries have now been completed. As a result, the number of positions at UPM Raflatac will decrease by 129.
UPM Raflatac provides support for employees who are affected by the reductions.
https://www.upm.com/about-us/for-media/releases/2021/06/upm-raflatac-has-completed-employee-consultation-processes/
Related Posts
According to the report, total printing-writing paper shipments increased 10 percent in June compared to June 2020. U.S. purchases of total printing-writing papers increased 16 percent in June compared to the same month last year. Total printing-writing paper inventory levels decreased four percent when compared to May 2021. U.S. purchases of uncoated free sheet (UFS) papers in June increased 16 percent compared to last June while the inventory level decreased three percent compared to May 2021. UFS imports decreased five percent while exports increased 33 percent in May 2021. Coated free sheet (CFS) paper shipments decreased four percent compared to June 2020 while the inventory level decreased six percent compared to May 2021. CFS imports decreased six percent while exports increased 58 percent in May 2021. U.S. purchases of coated mechanical (CM) papers in June increased 41 percent compared to last June while the inventory level decreased three percent compared to May 2021. CM imports and exports both increased compared to May 2020, up 29 percent and 41 percent respectively. Uncoated mechanical (UM) paper shipments decreased nine percent compared to June 2020 while the inventory level decreased five percent compared to May 2021. UM imports and exports both increased compared to May 2020, up 26 percent and 52 percent respectively.
Verso Corporation announced the filing of a preliminary proxy statement for a special meeting of stockholders, at which Verso stockholders will consider and vote upon various items related to the proposed and previously announced transaction with BillerudKorsnäs AB. If approved, all Verso stockholders will receive $27.00 per share in cash upon closing of the transaction, representing immediate and certain value at a significant premium. The preliminary proxy statement provides detailed disclosure regarding, among other things, the robust process overseen by the Special Committee, the Special Committee's consideration of indications of value, the fairness opinion received from Rothschild & Co., its financial advisor, regarding the merger consideration and the analysis underlying that opinion, the Special Committee's efforts to seek the best price reasonably available for stockholders, and the Board and the Special Committee's rationale for accepting BillerudKorsnäs' offer as being in the best interests of stockholders.
As a leading global manufacturer of label stock for the digital printing market, UPM Raflatac knows how important it is to match the right label materials to the right printer. The company’s innovative Label Material Finder for Digital Printers tool has recently undergone a series of upgrades to make it even easier for converters to learn which of UPM Raflatac’s high-quality and sustainable paper and film labeling materials will perform best on their printers. This innovative tool provides up-to-date and accurate product information about UPM Raflatac's digital label stock materials as well as star ratings for how they will perform on various digital printers, ranging from small desktop models to industrial-scale digital presses. Go to: https://www.upmraflatac.com/products-and-services/services/print-house-services/printer-recommendation-tool-ratings-and-oem-information/ to access UPM Raflatac’s upgraded Label Material Finder for Digital Printers tool. It is also available for registered users on the MyRaflatac customer platform.