Sappi Southern Africa commences consultations

 

TIDMSAZ 
 
RNS Number : 2595Y 
Sappi Ld 
31 August 2009 
 
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|                                                           | Southern Africa     | 
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Press Release 
 
 
31 August 2009 
 
 
Sappi Southern Africa commences consultations regarding cost reduction and 
efficiency improvement initiatives at its Kraft and Fine Paper mills in South 
Africa. 
 
 
Sappi Southern Africa today began a process of consultations with employees and 
trade unions at its Kraft and Fine Paper mills regarding cost reduction and 
efficiency improvement initiatives to ensure that the company is well positioned 
to take full advantage of the expected improvement in operating conditions and 
markets. 
"We will begin consultations with our employees at our Tugela, Ngodwana and 
Enstra mills regarding proposals for cost reduction and efficiency improvement 
initiatives to ensure that we meet our stated objectives of improved 
profitability and delivering acceptable returns," commented Jan Labuschagne, 
Chief Executive Officer of Sappi Southern Africa. "The proposed actions are 
required to successfully meet the challenges of the depressed economic 
conditions we are experiencing in the domestic and export markets for Fine Paper 
and Kraft products. These actions will not impact on our ability to meet 
customer demand or current commitments." he continued. 
 
 
"Any decision which may lead to retrenchments remains difficult and one we only 
consider as a last resort. We do not expect this to affect more than 400 
employees across the three mills. These initiatives will ensure that we are 
strongly positioned to take full advantage of any improvements in our markets 
and in economic conditions in general," he concluded. 
 
 
END 
 
 
Issued by: 
Brunswick South Africa on behalf of Sappi Limited 
Tel + 27 11 502 7300 
Fax + 27 11 268 5747 
 
 
For further information contact: 
 
 
André F Oberholzer 
Group Head Corporate Affairs 
Sappi Limited 
Tel [phone] 
Mobile [phone] 
[e-mail] 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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