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Myllykoski to reduce number of employees in Finland

Dec 14 2010  Myllykoski intends to cut some 140 jobs at its mill in Kouvola, Finland. Statutory negotiations  will start on December 20.

Approximately 140 jobs are at risk at Myllykoski's Finnish paper mill, located in Kouvola in the southern part of the country. Negotiations with staff representatives will start Monday next week, on December 20. The plant has around 450 employees.By reducing the number of employees at the Kouvola plant, the company estimates to improve the result by some 30 million Euros per year, according to Swedish news agency SIX.In November Myllykoski temporary closed one of the paper machines at the Kouvola mill. The machine will be at a stand still until the end of the year, possibly also in January. In September, Papernet reported that UPM wants to take over the Myllykoski group, and both companies have confirmed that discussions are going on.

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