Incap's cooperation negotiations in Finland concluded

Incap's cooperation negotiations in Finland concluded

ID: 42454

(Thomson Reuters ONE) -


Incap Corporation  Stock Exchange Release
14 September 2010, 4 p.m.

INCAP'S COOPERATION NEGOTIATIONS IN FINLAND CONCLUDED


In order to adapt its operations and to gain savings in costs, Incap convened on
26 August 2010 negotiations in accordance with the Cooperation Act concerning a
total of 186 persons in its operations in Finland.

The negotiations were concluded today and resulted in temporary layoffs of the
personnel in Finland due to production and financial reasons for different
periods of time varying from eleven days to three months.

Temporary layoffs of the personnel will take place by the end of the year 2010,
and most of them are scheduled for the Christmas season in weeks 51 and 52.


INCAP CORPORATION

Sami Mykkänen
President and CEO

Further information:
Sami Mykkänen, President and CEO, Tel. +358 40 559 9047
Hannele Pöllä, Director, Communications and HR, Tel. +358 40 504 8296

DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Principal media
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 and India. The Group's revenue in 2009 amounted
to EUR 70 million and the company currently employs approximately 800 people.
Incap's share is listed on the NASDAQ OMX Helsinki. Additional information:
www.incap.fi.



[HUG#1444371]








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Source: Incap Oyj via Thomson Reuters ONE


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Datum: 14.09.2010 - 15:04 Uhr
Sprache: Deutsch
News-ID 42454
Anzahl Zeichen: 0

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