Hitt og þetta 22. september 2006

Norske Skogs corporate assembly approves action plan

Nordic Business Report-September 22, 2006-Norske Skog's corporate assembly approves action plan
(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com

The Norwegian forest industry group Norske Skog said on Friday (22 September) that the group's corporate assembly has approved the board's plan to carry out a profit improvement plan.

"An important part of the plan is a de-manning program targeted to reduce the number of employees by some 1,000. The largest cuts in relative terms will affect administrative functions, but the mills will also see considerable reductions," Norske Skog said in a brief announcement.

((Comments on this story may be sent to tww.feedback@m2.com))