Billerud announces staff cuts
The Local · 8 Jun 2005, 11:07
Published: 08 Jun 2005 11:07 GMT+02:00
Billerud said it expects one off costs of 400 million kronor associated with the programme.
The staff cuts will affect all four of the company's mills - Gruvon, Karlsborg and Skarblacka in Sweden, and Beetham in the UK. The company said staff reductions will mainly be in the form of early retirement.
The cost savings are expected to take full effect in 2007.