INCAP'S COOPERATION NEGOTIATIONS IN FINLAND
(Thomson Reuters ONE) - Incap Corporation Stock Exchange Release 27 October 2009, 3 p.m.Incap convened negotiations in accordance with the Cooperation Act on5 October 2009 in order to restructure operations and gain savings incosts. The negotiations resulted in temporary layoffs of thepersonnel in Finland for one week in December 2009 and one week inJanuary 2010 due to production and financial reasons. Furthermore,the need for additional temporary layoffs of the personnel in Groupservices and in the Helsinki and Vaasa factories will be consideredmonthly as from January 2010, and the eventual layoffs will takeplace in February-May 2010 with the maximum total duration being 64working days.The white-collar workers in the Vuokatti factory will be laid off forthree weeks by the end of January 2010. The negotiations with theblue-collar workers in Vuokatti are continued bymid of November.INCAP CORPORATIONSami MykkänenPresident and CEOFurther information:Sami Mykkänen, President and CEO, Tel. +358 40 559 9047Hannele Pöllä, Director, Communications and HR, Tel. +358 40 504 8296DISTRIBUTIONNasdaq OMX Helsinki Ltd.Principal mediaINCAP IN BRIEFIncap Corporation is an internationally operating contractmanufacturer whose comprehensive services cover the entire life-cycleof electromechanical products from design and manufacture tomaintenance services. Incap's customers are leading equipmentsuppliers in energy efficiency and well-being technology, for whichthe company produces competitiveness as a strategic partner. Incaphas operations in Finland, Estonia and India. The Group's revenue in2008 amounted to around EUR 94 million, and the company currentlyemploys approximately 770 people. Incap's shares are listed on theNASDAQ OMX Helsinki. For additional information, please visit ourwebsite, www.incap.fi.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 27.10.2009 - 14:00 Uhr
Sprache: Deutsch
News-ID 7459
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