ASPOCOMP GROUP OYJ STOCK EXCHANGE RELEASE December 19, 2006 at 1:55 PM
CODETERMINATION NEGOTIATIONS AT ASPOCOMP’S SALO ORGANIZATION AND R&D WERE
The codetermination negotiations, started in November at the Aspocomp’s Salo and
Padasjoki plants and the Group’s research and development, were concluded today.
As a result, a total of 113 personnel were made redundant. Of those, 102 were non-
salaried and 11 salaried employees. Production at the Group’s Padasjoki plant
will be closed down and its 18 personnel terminated.
Following the personnel cuts, the Salo organization and the Group’s research and
development organization consists of 243 non-salaried and 49 salaried employees
in total. The negotiations concerned about 430 personnel at Aspocomp Oy,
including the Salo and Padasjoki plants and the Group’s research and development.
The Salo plant is being converted into a manufacturer of new and technologically
demanding products that are at the early phase of their life cycle. Volume
production has been transferred to Asia in order to serve the global customers
cost-effectively in the fastest growing markets.
Due to the layoff costs, the result for the last quarter of 2006 will not reach
the level of the third quarter. The tangible asset impairment will be specified
in the financial statements for the current year.
For further information, please contact Maija-Liisa Friman, CEO,
tel. +358 9 7597 0711.
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 2005, the Group’s net sales stood at EUR 154
million and it had about 3,400 employees.
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