Helsinki (News release) -- UPM Raflatac and the Paper Workers' Union have reached an outcome in the collective labour agreement negotiations concerning UPM Raflatac's Tampere factory in Finland.

"The negotiations were conducted in a very good spirit and constructively from start to finish. I would like to thank the Paper Workers' Union for its solution-oriented approach and for the good negotiations. The solution will enable the long-term development of the Tampere factory," says Antti Waajakoski, General Manager of UPM Raflatac's Tampere factory.

The new collective agreement will have a two-year contract period and it will enter into force upon approval by the Paper Workers' Union's Board. The union has announced that the Board will discuss the negotiation outcome at its meeting on 5 June 2024.

Negotiations on the collective labour agreement for UPM Specialty Papers will continue.