Brief: Norske Skog: Closely Monitors COVID-19 Outbreak

Norske Skog ASA

14/04/2020 08:14

April 14 (Reuters) - Norske Skog  NSKOG.OL :
    * SAID ON MONDAY NORSKE SKOG ASA CLOSELY MONITORS THE
CORONAVIRUS
(COVID-19) OUTBREAK AND CONTINUOUSLY IMPLEMENTS ADEQUATE
MEASURES TO REDUCE THE RISK FOR EMPLOYEES AND ENSURE CONTINUITY
OF OPERATIONS
    * IN NORWAY, SAUGBRUGS HAS CEASED PRODUCTION ON TWO PAPER
MACHINES
DUE TO NEGATIVE MARKET DEVELOPMENTS AS A RESULT OF THE CORONA
VIRUS RESTRICTIONS, 173 EMPLOYEES ARE TEMPORARILY LAID OFF
    * IN ADDITION, 25 ADMINISTRATIVE PERSONNEL AT HEADQUARTERS
HAS
BEEN TEMPORARILY LAID OFF AS A RESULT OF THE CORONA SITUATION
    * IN NEW ZEALAND, THE PRODUCTION AT THE TASMAN MILL HAS
CEASED
PRODUCTION FROM 13 APRIL DUE TO NATIONAL LOCK DOWN RESTRICTIONS
    * NORSKE SKOG WILL PUBLISH THE Q1 2020 RESULTS ON APRIL 23,
AND
THE COVID-19 RESTRICTIONS WILL HAVE MARGINAL IMPACT ON THE FIRST
QUARTER RESULTS.

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nObiCWNwxa
    
 Further company coverage:  NSKOG.OL  
   


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