UPM-Kymmene Corp. -- The Finnish company and another Finland-based company, Stora Enso Oyj -- two of the world's biggest paper makers -- announced thousands of layoffs, mill closures and production cuts to counter high costs and overcapacity in the industry. UPM-Kymmene will cut 1,600 jobs in 2009 and 2010 and cut production. Stora Enso Oyj announced mill closures and 1,700 layoffs, including 600 workers in Germany and 400 in Russia.