July 16 (Reuters) - UPM-Kymmene UPM.HE has halted production at its newsprint mill in Grand-Couronne, France, cutting 228 jobs and lowering its annual newsprint production capacity by 240,000 tonnes, the Finnish forestry group said in a statement on Thursday.
UPM said the closure would mean around 30 million euros ($34 million) in annual savings but restructuring charges of 33 million euros in its April-June results.
($1 = 0.8765 euros)
(Reporting by Tarmo Virki in Tallinn; editing by Jason Neely)
((email@example.com; +372 564 4562 ;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.