STOCKS NEWS EUROPE-Meyer Burger down 5 pct on work hours cut

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11:18GMT 07Jan2009-Meyer Burger down 5 pct on work hours cut

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Shares in Switzerland's Meyer Burger, which makes precision saws for slicing silicon wafers used in the solar energy sector, fall 5.4 percent to 121.00 Swiss francs after it cuts working hours at one of its production sites.

"The poor economic environment and falling oil prices seem to be causing the company trouble," a trader says.

"The capacity realignment is welcome in view of the worsening economy, but it's also being interpreted as a warning signal for 2009," said a second trader.

For company statement click on [ID: nL5728818]

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