THE FRENCH COURT ORDERED ASPOCOMP TO PAY COMPENSATION TO FORMER EMPLOYEES OF ASPOCOMP S.A.S.

Aspocomp Group Oyj   Company Announcement  February 3, 2009 at 09:30 am 

 

THE FRENCH COURT ORDERED ASPOCOMP TO PAY COMPENSATION TO FORMER EMPLOYEES OF ASPOCOMP S.A.S.

 

The Labour Court of Evreux ruled that Aspocomp Group Plc has to pay to thirteen former employees of its French Subsidiary, Aspocomp S.A.S., approximately EUR 510 000 including the interest. Aspocomp Group Plc has not yet been formally notified of the decision.

 

The decision of the French Court relates to the claims raised by twenty-one former Aspocomp S.A.S employees (Aspocomp’s stock exchange release 18.2.2008).

 

Two of the twentyone employees accepted Aspocomp’s settlement offer. The French Court did not proceed with the remaining six claims.

 

The payment to be made by Aspocomp shall not have an effect on the financial results, because Aspocomp has made a reservation in its 2007 financial statements.

 

Aspocomp will appeal the decision to the next instance in France.

 

 

For further information, please contact Isto Hantila, CEO, tel. +358 504 060 656.

 

ASPOCOMP GROUP OYJ

 

 

 

Isto Hantila

President and CEO

 

Aspocomp: Innovative interconnection solutions for the electronics industry

 

The Aspocomp Group offers and develops innovative interconnection solutions for the electronics industry in close cooperation with its customers. We are strongly positioned as a supplier of data communications equipments and industry. We offer our global customers a fast road to mass production through flexible and cost-effective adaptation of new technologies.

 

The Aspocomp Group’s production facility is located in Oulu, Finland. In 2007, the Group’s net sales stood at EUR 22 million and it had about 130 employees at the end of September, 2008.

 

 

 

Distribution:

The Nordic Exchange

Major media

www.aspocomp.com