Press release
13 Nov 2008, 12:30 CET

Billerud announces notice of redundancy for 125 employees

Billerud has announced notice of dismissal for 125 employees in Sweden. The reason for this decision is that the company must adapt its costs to meet the weak economic climate and the decline in orders. The company has called for negotiations with the trade unions concerning dismissals at the company’s three Swedish mills – Gruvön, Skärblacka and Karlsborg – and at the head office in Solna.

Billerud Corporate Management Team has also decided to implement with immediate effect a complete prohibition on the use of consultants and external contractors for work that can be performed by Billerud’s own staff.

“We have already carried out an extensive savings programme but as the economy worsens we need to take further action,” says Per Lindberg, President and CEO of Billerud.

Solna, 13 November 2008
Billerud AB (publ)

Per Lindberg
President and CEO

For further information, please contact:
President and CEO, Per Lindberg +46 8 553 335 01, +46 70 248 15 17
Head of Human Resources, Cecilia Lundin +46 555 335 06, +46 70 232 02 92