16OG Akbank 5.000% A

RNS Number:1881M
Perstorp AB
13 June 2000

Pergo serves notice to 90 employees in Trelleborg

During the spring, Pergo acquired 25.1% of the shares in the German flooring
company Witex.  Pergo also obtained the right to increase its ownership interest
in Witex to 49%.  The purpose of the acquisition was to supplement Pergo's
proprietary product range by adding direct laminate flooring, which is more
competitive in certain segments of the flooring market due to its lower
manufacturing cost.

As part of its cooperation with Witex, Pergo is to start up production of direct
laminate flooring at the German company's plant in Augustdorf.  Since deliveries
from this plant will replace some of the products manufactured at Pergo's plant
in Trelleborg, Sweden, 90 employees in Trelleborg are now being issued with
notice of employment termination.

"The reason for our cooperation with Witex is to broaden and strengthen our
presence in the flooring market," says Magnus Vrethammer, Head of Pergo's
European operations.  "It is not possible to undertake this type of production
in Trelleborg and, unfortunately, this will give rise to certain surplus
manpower at the plant."

The company has convened negotiations with the trade unions concerned and
informed the employees.  Until the negotiations have been completed, it will not
be possible to specify exactly which employees will be affected by the changes.

Pergo has annual sales of slightly more than SEK 3.6 billion, with approximately
900 employees, mainly in Trelleborg and Raleigh in North Carolina, USA.  The
company is a leading producer of laminate flooring and is part of the Perstorp
Group.

Perstorp AB
Corporate Communications

For further information please contact:

Lennart Hansson, Human Resources Director, Pergo, tel:    +46 410 36 31 24
Rolf Rahmberg, Vice President Corporate Communications,   +46 435 381 59
Annette Lidman, Vice President Investor Relations,        +46 435 376 60


END 

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