Brief: Bergs Timber Makes Temporary Adjustments To Production

Bergs Timber AB (publ)

06/04/2020 13:03

April 6 (Reuters) - Bergs Timber AB (publ)  BRGb.ST :
    * BERGS TIMBER MAKES TEMPORARY ADJUSTMENTS TO THEIR
PRODUCTION
    * IN ORDER TO ACHIEVE A BALANCE BETWEEN PRODUCTION AND
DEMAND, A
NUMBER OF CHANGES WILL BE MADE.
    * AGREED WITH TRADE UNIONS TO START SHORT-TERM WORK AT
ORREFORS
SAWMILL AFTER EASTER.
    * PRODUCTION VOLUME AT SAWMILLS WILL BE REDUCED BY ABOUT 30
PERCENT
    * IN BALTIC AND UK OPERATIONS, LAYOFFS WILL ALSO BE
IMPLEMENTED.
    * NEGOTIATIONS WITH TRADE UNIONS REGARDING CLOSURE OF
SAWMILL IN
GRANSJÖ HAVE BEEN COMPLETED
    * SAWMILLING OPERATION WILL CEASE IN APRIL AND ENTIRE
OPERATION AT
MILL WILL BE DISCONTINUED DURING FALL OF 2020.
    * DELIVERIES DURING BEGINNING OF 2020 HAVE BEEN GOOD
    * LOWER DEMAND FROM UK MARKET HAS A MAJOR IMPACT ON OUR
OPERATIONS.

Source text for Eikon:  ID:nWkr8CLln 
Further company coverage:  BRGb.ST 

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