One of the worlds largest printing paper manufactures and Finland's largest

UPM and the Finish Paperworkers Union have reached an agreement that will end the strike at the Finish paper mills immediately. The Finish mills will resume operations, and there will be a structured ramp-up of raw material supply to their Americas facilities. UPM  expects a full normalization of supply from Finish paper mills to take several months. Industry  leaders have expressed relief that the long-running strike action at UPM’s Finnish mills is over – but concerns remain about how long it will take for paper and label supplies to normalize.

One of seven UPM paper mills in Finland on strike since January 1st

Some 2,100 workers had been on strike at seven  UPM paper mills in Finland. UPM says they have a lead-time of 3-4 months for  European deliveries and up to 5 months for overseas deliveries. UPM has revealed that the strike at its Finnish mills could cost the business as much as €220m ($298m CDN). UPM Specialty Papers, which includes release liners for labelling, packaging, office and printing papers, deliveries were down by 63,000 tonnes at 371,000 tonnes.