ASPOCOMP GROUP OYJ STOCK EXCHANGE RELEASE March 24, 2005 at 4:05 PM
DECISION OF THE FRENCH APPELLATE COURT ON THE CLOSING OF ASPOCOMP S.A.S.
The appellate court of Rouen has rendered a decision on redundancy notices in
2002 related to the closing of heavily unprofitable Aspocomp S.A.S. plant in
Evreux. The appellate court has upheld the decision of the labour court of
Evreux, against which Aspocomp had appealed. According to the decision
Aspocomp Group Oyj should pay to 388 persons issued with notice a total
compensation equivalent to between six to eighteen months remuneration due to
unfair dismissal, a total compensation is therefore approximately MEUR 11.
Aspocomp will decide on further measures after having examined the decision
and its grounds. According to the normal practise the next level is the
French Supreme Court.
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. Our belief is that this advantage will bear
increasing significance for our customers as end product lifecycles continue to
The Aspocomp Group’s production facilities are located close to its customers in
Finland, China and Thailand. In 2004 Group turnover stood at around 200 million
euros with a staff of some 3,500.
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