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Monday October 2, 10:27 PM

Finnish forestry seen losing 10,000 jobs by 2015

HELSINKI, Oct 2 (Reuters) - Finland's forestry industry, a key export sector, could lose 10,000 jobs by 2015 as its boosts productivity to maintain competitiveness, a ministry report forecast on Monday.

The Ministry of Agriculture and Forestry said projections showed forestry and its related industries -- paper and pulp mills and sawmills -- could lose about 10,000 jobs over the next nine years from the 90,000 currently employed.

"The productivity in forest industries and forestry has to increase, and as the productivity increases, the number of jobs will decrease," ministry official Aarne Reunala told Reuters.

"And even if we intend to increase production in the forests and the forestry industry, there will be a net loss of about 10,000 working years by 2015, that's our estimate," he said.

Finland is a home to the world's largest paper and board maker Stora Enso , the biggest magazine paper firm UPM-Kymmene and Europe's top fine paper maker M-real .

Finnish paper and pulp firms have been looking for new growth in emerging countries, but Reunala said the job-loss estimate was quite separate to their efforts to grow in lower-cost production areas such as Latin America and Asia.

(Additional reporting by Tarmo Virki)

 


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