ASPOCOMP GROUP Oyj STOCK EXCHANGE RELEASE Feb 26, 2002 at 1:30 PM
ASPOCOMP SAS IN FRANCE IS STUDYING POSSIBLE ALTERNATIVES TO CONTINUE
Difficult market situation in the PWB (Printed Wiring Board) industry
has lead to very low loading in Aspocomp SAS in Evreux, France. Net
sales of Aspocomp SAS in 2001 were 41.4 million euros (71.0 million
euros in 2000) and its EBIT level loss was 23.9 million euros.
Radical improvement of the market situation cannot be seen and the
forecasted loading for 2002 is also low.
In January 2002 it was decided to give a notice to approximately 200
persons in the French company. The personnel reductions were started
immediately and the number of personnel after the reductions will be
about 350. Even after this downsizing the plant will generate losses
in the foreseeable future.
The Social Committee of Aspocomp SAS will have the first meeting on
February 28th and the second meeting on March 4th in order to discuss
possible alternatives to continue the operations.
For more information contact the President and CEO, Mr Jarmo Niemi by
telephone at +358 9 759 70711
ASPOCOMP GROUP Oyj
President and CEO
Press and Media