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UPDATE 1-Digital move forces UPM to make paper cuts, 550 jobs go

2014-11-13 12:22:02| Paper - Topix.net

Finland's UPM-Kymmene will reduce paper production at four plants in Europe, cutting 550 jobs because of declining demand as readers switch to digital devices, the company said on Thursday. UPM aims to save 150 million euros annually by the end of 2015, partly by closing 800,000 tonnes of publication paper capacity.

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