ASPOCOMP S.A.S.: THE FRENCH SUPREME COURT’S WILL RENDER ITS DECISION IN THE SUMMER OF 2007
Aspocomp Group Oyj Company Announcement May 7, 2007 at 10:20 am
The French Supreme Court will continue its proceedings on Aspocomp’s appeal in the case against Aspocomp S.A.S’s former employees in the beginning of June 2007.
According to present information, the decision is expected during the summer of 2007. Aspocomp has earlier informed that the decision would be expected during the spring of 2007.
The case relates to the closing of the heavily unprofitable Aspocomp S.A.S. in 2002 and the dismissals that ensued. The French Rouen appellate court ruled in March 2005 that Aspocomp Group Oyj should pay approximately EUR 11 million to the former 388 employees of Aspocomp SAS. After the ruling Aspocomp Group Oyj appealed to the French Supreme Court. If the French Supreme Court accepts the appeal made by Aspocomp on the decision of the Rouen appellate court, the claim of the former employees of Aspocomp S.A.S. will be returned to the appellate court for retrial.
For further information, please contact Maire Laitinen, General Counsel,
tel. +358 9 7597 0723.
ASPOCOMP GROUP OYJ
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 mobile data terminal equipment components and aim to further bolster our position as a supplier to the automotive industry and data communications networks. 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 facilities are located close to its customers in Finland, China, and Thailand. In 2006, the Group’s net sales stood at EUR 149 million and it had about 3,350 employees.
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