Jump to full article: Aftenposten (no), 2007-03-19
Intro: Skandinavisk Tobakskompagni took over JL Tiedemanns Tobaksfabrik in 1998 and already had cut cigarette production by 30 percent and tobacco production by 50 percent. The firm also produces cigars and is perhaps best known in Norway for its non-filter "Teddy" cigarettes.
Now the Danish owners plan to close the 230-year-old facility in Oslo's Etterstad district completely. It had been owned for generations by the Andresen family, but the family sold out its remaining stake in 2005.
Employees were angry and frustrated when told of the shut-down on Monday, not least since Tiedemann had earned a profit of NOK 360 million last year and looked set to boost profitability this year.
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