A strategic review of the Swedish sawmill business has been carried out during the winter in order to create opportunities for long term profitability. The plan clearly indicates the potential to concentrate efforts in development and investments to three of the today's four sawmills.
In light of this plan, the Board of Directors of
"We do not see it financially realistic to continue to develop our four sawmills and will therefore concentrate our resources and investments to the sawmills in Vimmerby, Mörlunda and Orrefors. This will strengthen the opportunities for long term profitability in the Swedish sawmill business. Unfortunately it means that 45 of our employees have to leave the company" says
The closure of Gransjö sawmill will affect the result for the first quarter 2020 with about
Further information about this press release can be provided by
The information is such that
https://news.cision.com/bergs-timber-ab/r/bergs-timber-restructures-the-swedish-sawmill-business,c3076770
https://mb.cision.com/Main/1383/3076770/1220816.pdf
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