Cham Paper Group Holding AG / Key word(s): Miscellaneous
22.09.2014 07:00

Release of an ad hoc announcement pursuant to Art. 53 KR

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On 21 August 2014 the Cham Paper Group announced that it will be boosting the competitive strength of its speciality papers by planning the continued transfer of technology from Switzerland to Italy. The relocation affects the coating technology operations currently run in Cham for producing the digital imaging and barrier papers. Continued relocation of operations is to take place in the first quarter of 2015 and is expected to result in a further reduction of approx. 50 staff at the Group's registered office in Switzerland.

The Board of Directors and the Executive Management Board immediately contacted the social partner organisations and cantonal authorities for the purpose of carefully planning the current redundancies with the involvement of all stakeholders in a socially responsible manner. The goal of this is to sustainably secure the remaining 30 to 40 positions at Cham in Research & Development (Digital Imaging), Marketing & Sales, Small roll processing and Group administration.

During the three-week consultation period, proposals for alternative solutions could be submitted to the employee representation committee of the mill in Cham. The consultation period ended on 14 September. No petitions were received from the employee representation committee during this period. The Executive Management Board will now initiate talks as planned with the social partner organisations for the purpose of fleshing out the details of the redundancy scheme with a view to finalising the scheme in the fourth quarter of 2014.

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Information and Explaination of the Issuer to this News:
For further information please contact:
Media and IR Office, Cham Paper Group Holding AG
c/o Dynamics Group
Edwin van der Geest / Philippe Blangey
E-mail: media@cham-group.com and/or investor@cham-group.com Tel.: +41 43 268 32 32
Registered shares of Cham Paper Group Holding AG 
Swiss Securities Number / ISIN / Ticker:
193 185 / CH0001931853 / CPGN

Cham Paper Group
Cham Paper Group is a leading manufacturer of coated speciality papers. The group generates added value for its customers by providing finishing-based functional capabilities. Founded in 1657, at its three locations in Switzerland and Italy the company develops and manufactures speciality papers for use in the consumer goods, industrial release and digital imaging sectors. The consumer goods sector encompasses papers for flexible packaging and base papers for label printing in the food, non-food, tobacco, beverage and pharmaceutical industries. In terms of the industrial release sector, Cham Paper Group supplies silicone-base papers for release liners used in graphical applications and for adhesive tapes and labels. The company also supplies base papers for process liners used in industrial casting and laminating process applications. Facestock papers for the self-adhesive industry round off the range. In addition to large-format inkjet papers for indoor and outdoor applications, the digital imaging sector also includes sublimation papers for digital textile printing. Cham Paper Group has benefited from the trend for sustainable products and is well established on the market thanks to the company's technological innovation. Cham Paper Group (stock exchange symbol: CPGN) is listed on the SIX Swiss Exchange as an independent company.


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Additional features:
Document: http://n.equitystory.com/c/fncls.ssp?u=GSESFGCPAH Document title: Resultate Konsultationsverfahren


22.09.2014 News transmitted by EQS Schweiz AG. 
The issuer is responsible for the contents of the release.
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Language:               English
Company: Cham Paper Group Holding AG                         Fabrikstrasse
                        6330 Cham
                        Switzerland
Phone:                  +41 41 785 33 33
Fax:                    +41 41 785 31 50
E-mail:                 mail.cham@cham-group.com
Internet:               www.cham-group.com
ISIN:                   CH0001931853
Valor:                  -
Listed:                 SIX
 
End of Announcement EQS Group News-Service  

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