ASPOCOMP GROUP Oyj STOCK EXCHANGE RELEASE July 12,2001 at 12:40 p.m.
ASPOCOMP OY’S ESPOO PRINTED WIRING BOARD FACTORY WILL BE CLOSED
The Board of Directors of Aspocomp Group Oyj, the parent company of
Aspocomp Group, has today decided to close down the Aspocomp Oy PWB
factory in Espoo, based on both productional and economical reasons.
The personnel negotiations with all personnel groups started on May
23 and ended today. As a consequence of the decision the whole
personnel of the Espoo factory, total of about 130 persons, will be
Among the reasons for the closing of the Espoo factory are the
continuous unprofitability of the factory, the price pressure in the
standard technology PWB market and the global overcapacity situation.
At the moment the total cost of the closing of the Espoo factory is
estimated to be about five million euros. 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
President and CEO
Press and Media