Helsinki (News release) -- UPM Plywood and the Industrial Union have today signed the new collective labor agreement for UPM Plywood mills in Finland. The strikes at the mills are ending and work will start immediately.

"We are pleased to have reached an agreement and to be able to start the work in our mill operations. We managed to find a solution that secures the purchasing power of our employees and supports the future success of UPM Plywood mills," says Juhani Tenhunen, Vice President, Operations at UPM Plywood.

The new company specific collective agreement is set to take effect today and is valid until the end of 2027.