Brief: Bergs Timber Reduces Production And Moves Head Office To Vimmerby, Sweden

Bergs Timber AB (publ)

04/10/2019 11:05

Oct 4 (Reuters) - Bergs Timber AB (publ)  BRGb.ST :
    * BERGS TIMBER REDUCES PRODUCTION AND MOVES THEIR HEAD
OFFICE TO
VIMMERBY
    * DURING AUTUMN AND WINTER, BERGS TIMBER WILL REDUCE
PRODUCTION AT
SWEDISH SAWMILLS BY ABOUT 35,000 CUBIC METERS, WHICH CORRESPONDS
TO ABOUT 6 PERCENT OF OUR SWEDISH ANNUAL PRODUCTION AND 4
PERCENT OF ANNUAL PRODUCTION FOR GROUP
    * PARALLEL TO THIS, ORREFORS SAWMILL, WHICH IN RECENT YEARS
HAS
PRODUCED ONLY PINE, WILL DURING WINTER CONCENTRATE A LARGE PART
OF PRODUCTION ON SPRUCE BEETLE DAMAGED RAW MATERIAL
    * NEGOTIATIONS WITH UNIONS WILL START IMMEDIATELY HOW
REDUCTION IN
PRODUCTION SHOULD BE IMPLEMENTED.
    * OUR BALTIC SAWMILLS ARE IN A BETTER POSITION AND WILL NOT
REDUCE
PRODUCTION
    * IN JANUARY 2020, HEAD OFFICE WILL BE RELOCATED TO CENTRAL
VIMMERBY
    * RELOCATION ALSO MEANS THAT GROUP'S STOCKHOLM OFFICE WILL
BE
CLOSED

Source text for Eikon:  ID:nWkr2mF0Q5 
Further company coverage:  BRGb.ST 

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