The new company-specific collective agreement takes effect immediately and will remain in force until the end of 2027.

UPM Plywood and the Industrial Union have reached an agreement on a new collective labour agreement, ending a strike that had halted production at the company's plywood mills for over three months.

Work will resume immediately at the affected sites, UPM confirmed in a statement on Friday.

"We are pleased that a solution was found and we can restart operations at our mills," said Juhani Tenhunen, UPM Plywood's Director of Production.

"We ultimately reached a result that ensures our employees' purchasing power and supports the long-term success of UPM Plywood's mills."

Tenhunen declined to comment on the financial impact of the strike and shutdowns, stating that the most significant effects were on the company's customers and delivery reliability.

The new company-specific collective agreement takes effect immediately and will remain in force until the end of 2027.

Source: yle.fi