Billerud announces notice of dismissal for 125 employees

Billerud announces notice of dismissal for 125 employees

Billerud has announced notice of dismissal for 125 employees in Sweden. The
reason for this decision is that the company must adapt its costs to meet the
weak economic climate and the decline in orders. The company has called for
negotiations with the trade unions concerning dismissals at the company's three
Swedish mills - Gruvön, Skärblacka and Karlsborg - and at the head office in
Solna.

Billerud Corporate Management Team has also decided to implement with immediate
effect a complete prohibition on the use of consultants and external contractors
for work that can be performed by Billerud's own staff.

“We have already carried out an extensive savings programme but as the economy
worsens we need to take further action,” says Per Lindberg, President and CEO of
Billerud.  

Solna, 13 November 2008
Billerud AB (publ)



Per Lindberg
President and CEO



For further information, please contact:
President and CEO, Per Lindberg +46 8 553 335 01, +46 70 248 15 17
Head of Human Resources, Cecilia Lundin +46 555 335 06, +46 70 232 02 92

The information is such that under the Swedish Securities Exchange and Clearing
Operations Act, Billerud AB is obligated to publish it.
Billerud is a packaging paper company. The company's business concept is to
offer demanding customers packaging materials and solutions that promote and
protect their products - packaging that is attractive, strong, sustainable and
based on renewable materials. Billerud has a world-leading position within
several product segment; within paper for consumer and industrial packaging.
Production takes place at three integrated pulp and paper mills in Sweden and at
one paper mill in the UK.

www.billerud.com