The complexity of highly structured forests with multiple tree species, especially when coniferous and broadleaved tree species are mixed, as well as stands with extended machine operating trail spacing and inclined terrain, create challenging operational conditions for mechanized timber harvesting and extraction. Motor-manually felling trees within the midfield and bunching them at the machine operating trails, prior to the arrival of a harvester-forwarder system, is a complex operation. The aim of this study was to assess and compare tethered harvester productivities of a thinning operation, for felling and processing standing trees and for processing bunched trees, through a time study in forest stands with 40-m distances between machine operating trails. Total operational costs of the analyzed thinning operation were 69 €/m³_o.b., including extraction using a multiple forwarder approach. Tree species, merchantable timber volume, and whether the trees were standing or presented as bunched logs all had a significant effect on the harvester time consumption. Moreover, harvester positioning time was significantly shorter when trees were already bunched at the machine operating trail. While the productivity of standing or bunched spruce trees did not differ significantly between the cases (approximately 18 m³_o.b./productive machine hours excluding all delays (PMH₀)), the productivity of standing broadleaved tree species (8.3 m³_o.b./PMH₀) was much lower than that of bunched trees (15.5 m³_o.b./PMH₀). Thus, the described timber harvesting and extraction system may be a valuable option for forest stands with high proportion of broadleaved trees.