Incap's co-operative negotiations in Vaasa concluded
January 18, 2013 - London
Stock Exchange Release 18 January 2013 at 9.45 a.m.
INCAP'S CO-OPERATIVE NEGOTIATIONS IN VAASA CONCLUDED
Incap Corporation has concluded the co-operative negotiations with the personnel at its factory in Vaasa. The negotiations concerned eventual temporary lay-offs for a maximum of 90 days.
Instead of immediate temporary lay-offs the factory will continue training and increasing multi-skills of the personnel, which enable better adoption of operations to demand. Eventual need for temporary lay-offs will be evaluated with the personnel representatives weekly based on the order book, and eventual temporary lay-offs for a maximum of 90 days will take place by the end of June.
President and CEO
Sami Mykkänen, President and CEO, tel. +358 40 559 9047 or +372 5553 7905
Kirsti Parvi, CFO, tel. +358 50 517 4569
Hannele Pöllä, Director, Communications and IR, tel. +358 40 504 8296
NASDAQ OMX Helsinki Ltd
INCAP IN BRIEF
Incap Corporation is an internationally operating contract manufacturer whose comprehensive services cover the entire life-cycle of electromechanical products from design and manufacture to maintenance services. Incap's customers include leading equipment suppliers in energy-efficiency and well-being technologies, for which the company produces competitiveness as a strategic partner. Incap has operations in Finland, Estonia, India and China. The Group's revenue in 2011 amounted to EUR 68.9 million, and the company currently employs approximately 640 people. Incap's share is listed on the NASDAQ OMX Helsinki. Additional information: www.incap.fi.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Incap Oyj via Thomson Reuters ONE