UPM plans to permanently close paper machine 10 at UPM Plattling, Germany, reducing the annual capacity of coated mechanical paper in Europe by approximately 155,000 tons. Paper production on paper machines 1 and 11 is planned to continue at the mill site, as the company said in the press release received by Lesprom Network.
In total 160 positions would be affected by the plans at UPM Plattling. The employee consultation process will start in the course of April in line with local legislation. The machine is planned to be closed after the consultation process will have been finalized.
UPM will recognize restructuring charges of approximately Euro 30 million as items affecting comparability in its 2Q 2019 results. The planned actions would result in annual savings of approximately Euro 17 million.
UPM Plattling manufactures graphic papers with the annual capacity of 785,000 tonnes. Located in Bavaria, Germany the mill employs about 590 people.
