ASPOCOMP GROUP OYJ STOCK EXCHANGE RELEASE December 14, 2005 at 3:45 PM
CODETERMINATION NEGOTIATIONS AT ASPOCOMP’S SALO UNIT ARE CONCLUDED
The codetermination negotiations started by Aspocomp at its Salo unit in August
have been concluded. The negotiations arrived at a solution to step up the
efficiency of the unit’s operations in line with the set objectives.
At the beginning of the negotiations, the estimated personnel reduction
requirement was a maximum of 120 employees. The negotiation process ended with a
total of 30 redundancies, far less than estimated. 22 of those dismissed are
non-salaried employees and 8 are salaried and senior salaried employees. In the
case of the salaried and senior salaried employees, the negotiations were
concluded earlier and the redundancies have been carried out. Following the
personnel cuts, the permanent employee count of the Salo organization is 412
non-salaried employees and 60 salaried employees.
The codetermination negotiations were part of the transformation program at the
Salo PCB plant, which comprises not only efficiency-boosting but also
investments in production. The program is geared towards turning the Salo unit
into a flexible production unit that manufactures technically demanding products
For further information, please contact CEO Maija-Liisa Friman,
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
The Aspocomp Group’s production facilities are located close to its customers in
Finland, China, and Thailand. In 2004, the Group’s net sales stood at around EUR
185 million and it had some 3,500 employees.
Helsinki Stock Exchange