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UPM: Finnish strike ‘getting worse by the day’Jill Park, 18 March 2010Be the first to comment on this article UPM has revealed the extent that Finland’s dock workers’ strike is having on its paper business as its stock is held in port while discussions progress. The workers are striking over better redundancy terms. Meetings between unions and the paper industry went on for 14 hours yesterday and are set to resume today. UPM’s general manager Will Oldham said that the company has a lot of stock caught up in the dispute, and that “nobody can get anything in and out of the port”. “It gets worse by the day,” said Oldham. “There are very few products that we only supply from Finland, but nevertheless it’s causing problems for us.” UPM’s label business UPM Raflatac has been less affected by the strike as it has operations “all around Europe”, said UPM sales manager Niko Kinnunen. PricewaterhouseCoopers warned yesterday that disruptions to the supply of pulp in Chile, caused by the earthquake last month, and Finnish strikes are set to put further pressure on input costs for linerboard manufacturers. Between them, the two countries account for more than 10% of global pulp supply and the temporary loss of capacity could put further pressure on packaging firms that are already dealing with high pulp prices. Click here for the latest headlines from across the packaging industry. Speak Your Mind |
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