October 24, 2007 / 1:27 PM / in 10 years

Weyerhaeuser to take Q4 charge on plant closure

Oct 24 (Reuters) - Weyerhaeuser Co (WY.N) said in a regulatory filing that it expected to take a fourth-quarter charge of $47 million to $63 million related to plant closures.

    Last week, the timber company had said it will close three building-product plants before the year end and cut 420 jobs.

    In the filing, the company also said it estimated cash expenditures related to the closure to be $17 million to $23 million. (Reporting by Sayantani Ghosh in Bangalore)

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