Brief: Arctic Paper Plans Closure Of Paper Machine At Arctic Paper Grycksbo Mill In Sweden

Arctic Paper SA

15/11/2018 15:16

Nov 15 (Reuters) - ARCTIC PAPER SA  ATC.WA :
    * LAUNCHES PROCEDURE TO END PRODUCTION BY PAPER MACHINE NO. 7 (PM7) LOCATED
IN
PAPER MILL IN ARCTIC PAPER GRYCKSBO AB
    * ESTIMATES PLANNED OPERATION WOULD REDUCE EMPLOYMENT BY ABOUT 25 JOB POSTS
    * PLANNED CLOSURE OF PM7 AND FOLLOWING REDUNDANCIES, ARE TO BE SUBJECT TO
THE
NEGOTIATIONS WITH THE UNION REPRESENTATIVES
    * PLAN TO BE IMPLEMENTED IN Q1, LOWER EMPLOYMENT WOULD REDUCE COSTS WHAT
WOULD
HAVE IMPACT ON H2 2019 RESULTS

Source text for Eikon:  ID:nEM4pXDJ2a 
Further company coverage:  ATC.WA 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))