Incap concluded the co-operative negotiations in corporate services
(Thomson Reuters ONE) -
Incap Corporation Stock Exchange Release 5 January
2012 at 3 p.m.
INCAP CONCLUDED THE CO-OPERATIVE NEGOTIATIONS IN CORPORATE SERVICES
In order to improve its cost structure Incap launched on 14 November 2011
negotiations in accordance with the Co-operative Act with the personnel of
corporate services in Finland. The negotiations were concluded today and
resulted in re-organisation of corporate services in the way that the employment
of a total of 8 persons will be terminated by the end of September. Furthermore,
the situation of 3 persons will be reviewed separately during 2012.
The tasks will be re-organised among others by transferring job from Finnish
offices to Incap's office in Tallinn and to the factory in Kuressaare. The
partial centralisation of corporate services to Estonia is inherent as the role
of the Kuressaare factory is increasing through the factory expansion in summer
2012. A remarkable part of Incap's present and future customers in Europe are
using the services of the Estonian factory, and therefore the focusing of the
sales organisation, for example, to the Tallinn office is a viable and cost-
effective solution. Also the Group's CEO, Chief Operations Officer and Director,
Human Resources will move to work temporarily in the Tallinn office. The
domicile of Incap Group stays in Helsinki.
The number of Incap's locations in Finland will be reduced when the functions in
Vuokatti are transferred to Helsinki, Tallinn or Kuressaare. In order to cut the
costs further the corporate office in Helsinki will move to the premises of the
Helsinki factory by the end of March.
The co-operative negotiations concerning the operations of the Helsinki factory
continue.
INCAP CORPORATION
Sami Mykkänen
President and CEO
Further information:
Sami Mykkänen, President and CEO, tel. +358 40 559 9047
Kirsi Hellsten, Director, Human Resources, tel. +358 50 387 7437
Hannele Pöllä, Director, Communications and Investor Relations, tel.
+358 40 504 8296
DISTRIBUTION
NASDAQ OMX Helsinki Ltd.
Principal media
The company's home page www.incap.fi
INCAP IN BRIEF
Incap Corporation is an internationally operating contract manufacturer whose
comprehensive services cover the entire life-cycle of electromechanical products
from design and manufacture to maintenance services. Incap's customers include
leading equipment suppliers in energy efficiency and well-being technologies,
for which the company produces competitiveness as a strategic partner. Incap has
operations in Finland, Estonia, India and China. The Group's revenue in 2010
amounted to EUR 59.2 million, and the company currently employs approximately
760 people. Incap's share is listed on the NASDAQ OMX Helsinki. Additional
information: www.incap.fi.
This announcement is distributed by Thomson Reuters on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Incap Oyj via Thomson Reuters ONE
[HUG#1575392]
Unternehmensinformation / Kurzprofil:
Datum: 05.01.2012 - 14:02 Uhr
Sprache: Deutsch
News-ID 101485
Anzahl Zeichen: 3709
contact information:
Town:
Helsinki
Kategorie:
Business News
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"Incap concluded the co-operative negotiations in corporate services"
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