ASPOCOMP GROUP OYJ STOCK EXCHANGE RELEASE Aug, 10 2005 at 1:45 PM 1(2)
CODETERMINATION NEGOTIATIONS TO BE STARTED AT ASPOCOMP’S SALO UNIT
Aspocomp has today issued a notice on the start of codetermination negotiations
under the Act on Co-operation within Undertakings at the Salo unit as well as a
negotiation proposal. The central objective of the negotiations is to improve the
efficiency of the Salo unit’s operations.
The negotiations concern the entire Salo unit except for the Group finance
functions located there. The estimated personnel reduction requirement is a
maximum of 120 employees. About 540 employees work at the Salo unit in positions
subject to the negotiations. Of these employees, about 440 are production
workers, including the unit’s functions located in Padasjoki. In the current
year, the Salo unit’s result has been clearly loss-making.
In the PCB markets, the requirements for flexibility and cost-effectiveness are
increasing further as customers’ end-product markets become global and geared to
very fast cycles.
The transformation program at the Salo plant will comprise not only efficiency-
boosting but also investments to turn the plant into a flexible small-series
production unit that manufactures technically demanding products profitably.
For further information, please contact CEO Maija-Liisa Friman,
tel. +358 400 488 932.
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 hold a
strong and recognised position as a supplier of mobile data terminal equipment
components and we aim to further strengthen 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, to which our balanced production structure in
Europe and Asia is well adapted.
We strive to offer solutions to our customers that enable increased flexibility
in their own product development. We believe that this will give a greater edge
for our customers as end product lifecycles continue to shorten.
The Aspocomp Group’s production facilities are located close to its customers in
Finland, China and Thailand. In 2004 Group net sales stood at around 200 million
euros with a staff of some 3,500.
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