UPM Plywood, a leading plywood and veneer products manufacturer, has recently concluded its change negotiations that began in May this year. The negotiations involved salaried employees in the staff and global functions, as well as those in the company’s Finnish mills. The primary objective of the negotiations was to renew the organization and adjust operations to align with the reduced production capacity and the deteriorating market situation. Additionally, the company is investing in digitalisation to capitalize on the opportunities it offers.
As a result of the negotiations, UPM Plywood will reduce 28 positions in Finland. The company is renowned for offering high-quality WISA plywood and veneer products that find applications in construction, vehicle flooring, LNG shipbuilding, parquet manufacturing, and other industrial uses.
UPM Plywood’s decision to restructure its operations and organization comes at a time when the market situation is not favorable. The construction industry, one of the primary consumers of plywood products, has been hit hard by the COVID-19 pandemic. The pandemic has resulted in a significant reduction in construction activities, leading to a decrease in demand for plywood products.
The company’s decision to invest in digitalisation is a welcome move that will help it stay competitive in the market. Digitalisation has transformed the manufacturing industry, and companies that embrace it are better placed to increase efficiency, reduce costs, and enhance customer experience. UPM Plywood’s investment in digitalisation will undoubtedly help it achieve these objectives.
UPM Plywood is not the only company that has been forced to restructure its operations due to the COVID-19 pandemic. The pandemic has had a significant impact on the global economy, leading to a decrease in demand for goods and services. Companies have had to adjust their operations to align with the reduced demand, and some have had to lay off employees.
Despite the challenges posed by the pandemic, UPM Plywood remains committed to providing high-quality plywood and veneer products to its customers. The company has a reputation for excellence, and its products are renowned for their durability and reliability. The company’s decision to restructure its operations will not affect the quality of its products, and customers can continue to rely on UPM Plywood for all their plywood and veneer needs.
In conclusion, UPM Plywood’s decision to restructure its operations and organization is a necessary move that will help the company align with the current market situation. The reduction of 28 positions in Finland is regrettable, but it is a move that will help the company stay competitive in the market. The investment in digitalisation is a welcome move that will help the company increase efficiency, reduce costs, and enhance customer experience. UPM Plywood remains committed to providing high-quality plywood and veneer products to its customers, and the restructuring will not affect the quality of its products.