ASPOCOMP GROUP Oyj STOCK EXCHANGE RELEASE April 9, 2003 at 12:40 p.m.
ASPOCOMP OY STARTS PERSONNEL NEGOTIATIONS REGARDING THE POSSIBLE
CLOSING OF ITS PADASJOKI PRINTED WIRING BOARD FACTORY
Aspocomp Group investigates the possibility to close down the
Aspocomp Oy PWB factory in Padasjoki, Finland, based on both
productional and economical reasons.
The proposal relating to the personnel negotiations of the Padasjoki
factory was given today at 12:00. The negotiations regarding the
possible personnel reductions and reorganization concern all the
personnel groups, total of about 80 persons, at the factory.
Among the reasons for the possible closing of the Padasjoki factory
are the overcapacity in the PWB industry and the unprofitability of
The Padasjoki factory’s share of the Group net sales in 2002 was
about 5 % and its share of the Group personnel about 3 %.
For more information, please contact CEO Jarmo Niemi
at +358 9 759 70711.
ASPOCOMP GROUP Oyj
President and CEO
Press and Media