Sign up for our newsletter ⟩
News |

UPM, Swissport to cut 1,200+ jobs

Coronavirus has hit demand for aviation and paper products.

Kaipolan tehdas
UPM's Kaipola paper mill in Jämsä is set to close with the loss of 450 jobs. Image: Petri Aaltonen / Yle

Firms in Finland announced planned job losses totalling more than 1,000 on Wednesday, as the coronavirus pandemic's impact on the economy started to bite.

Forest products firm UPM is to shut the Kaipola paper mill in Jämsä, central Finland, where 450 people currently work, while aviation services company Swissport is set to reduce its workforce by 700.

UPM is also to launch co-determination talks with unions in Kymi, Kaukaa and Jakobstad, with possible job losses there totalling 110.

In addition, UPM will look to cut some 170 jobs from its operations outside Finland as demand for paper products and cardboard collapses due to the pandemic's impact on consumption.

Meanwhile Swissport said it would launch talks with unions aimed at reducing its workforce by 700, as a contract with Finnair comes to an end next spring.

If a new contract is not agreed, Swissport's need for staff will drastically reduce as Finnair is the firm's largest customer.

The talks cover the roles of some 950 people, all of whom are based at Helsinki-Vantaa Airport.

Finnair itself on Tuesday announced plans to cut some 1,000 jobs as the pandemic hits demand for air travel.

Latest in: News

Headlines

Our picks

Latest

Muualla Yle.fi:ssä