04 Oct 2005

Corporate assembly approves Norske Skog Union closure

The corporate assembly of Norske Skog today agreed with the board's recommendation to close the Norske Skog Union mill in Skien south of Oslo. Operations at this facility are due to be wound up during the first quarter of 2006.

Agreement on a severance package has been reached between the company and the workforce, with the main emphasis on helping those affected to find new jobs in Norske Skog or elsewhere.
This agreement also embraces severance payments for all employees as well as special measures for older workers.
The decision was reached by nine votes against nine, and the decision was therefore reached through the chairman's casting vote.
Oxen°en, 4 October 2005
Norske Skog
Corporate communications