STOCKHOLM, Sweden, Feb. 10, 2005 (PRIMEZONE) -- As part of Pergo's restructuring project, the company has started Swedish Codetermination Act negotiations at the Perstorp site about letting 60 employees go. As previously announced 120 employees will leave Pergo, through notice of termination and normal resignation. The project is running according to plan.
Pergo's Board decided to concentrate premium product production in Sweden at Trelleborg in March 2004. The impregnation division with around 30 employees will remain at Perstorp.
In conjunction with the decision, the company issued termination notices to 45 employees and announced that around 120 employees would be let go during the change process, most of who are at the Perstorp plant. A number of employees at the Perstorp site have gone to work at Trelleborg
The restructuring efforts are going according to plan and the first of two laminate presses to be moved is now operating at the Trelleborg plant. The final restructuring phase is expected to be finished during Q3 2005.
In collaboration with union organizations, employment offices and the National Agency for Outplacement, Pergo will make every effort to help its employees find new jobs.
Trelleborg, Sweden, February 10, 2005 Pergo AB Corporate Communications
For further information, please contact: CEO -- Goran Bernhoff, tel +46 410 36 31 00 CFO --
Staffan Soderqvist, tel +46 410 36 31 00
This is Pergo
Pergo is a leading flooring company with strong market positions, particularly in Europe and the US. Net sales amounted to SEK 2,799 M (3,194) in full-year 2003 and the number of employees was 795 (784) as at December 31, 2003. Pergo developed laminate flooring at the end of the 1970s and launched the product in Europe during the 1980s. The company started sales in the US in 1994 and later, to a smaller degree, in Asia and Latin America. The company's products have been marketed under the PERGO(R) brand name since 1989. The company is listed on the Stockholm Stock Exchange's Attract 40-list. For further information about Pergo, please visit our website www.pergo.com.
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://wpy.waymaker.net/client/waymaker1/WOLReleaseFile.aspx?id=71097&fn=wkr0010.pdf