ASPOCOMP OY STARTS PERSONNEL NEGOTIATIONS REGARDING THE POSSIBLE CLOSING OF ITS ESPOO PRINTED WIRING BOARD FACTORY

ASPOCOMP GROUP Oyj STOCK EXCHANGE RELEASE May 23,2001 at 12.15 p.m.

ASPOCOMP OY STARTS PERSONNEL NEGOTIATIONS REGARDING THE POSSIBLE

CLOSING OF ITS ESPOO PRINTED WIRING BOARD FACTORY
Aspocomp Group investigates the possibility to close down the

Aspocomp Oy PWB factory in Espoo, based on both productional and

economical reasons.

The proposal relating to the personnel negotiations of the Espoo

factory was given today at 12.00. The negotiations regarding the

possible personnel reductions and reorganization concern all the

personnel groups, total of 137 persons, at the factory.
Among the reasons for the possible closing of the Espoo factory are

unprofitability, the price pressure in the market and the

overcapacity in the global PWB industry.
According to preliminary investigations the production of the Espoo

plant could be produced at other Group plants. The Espoo plant’s

share of the Group net sales in 2000 was 5 % and its share of the

Group personnel 7 %.
For more information, please contact CEO Jarmo Niemi

at +358 9 759 70711.
ASPOCOMP GROUP Oyj
Jarmo Niemi

President and CEO
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