DGAP-Adhoc

Cham Paper Group Holding AG: Results of the Consultation Procedure

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: [e-mail] and/or [e-mail]
Tel.: [phone]
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.
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Language: English
Company: Cham Paper Group Holding AG
Fabrikstrasse
6330 Cham
Switzerland
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.cham-group.com
ISIN: CH0001931853
Valor: -
Listed: SIX

End of Announcement EQS Group News-Service

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