Finland's largest paper mill to close permanently, 450 jobs lost

Inside the Kaipola paper mill, owned by UPM (Image: Lehtikuva)

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THE FINNISH FORESTRY GIANT UPM HAS ANNOUNCED that it will be closing its paper mill in Kaipola, the largest still in operation in Finland and the only mill to still produce newsprint paper inside the country. An estimated 450 jobs will be lost as a result of the closure.

In a press conference earlier today, UPM attributed a number of factors to the closure.


Source: Helsinki Times



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