CO-OPERATIVE NEGOTIATIONS AT INCAP’S HELSINKI AND VAASA UNITS

Incap Electronics Ltd has concluded the co-operative negotiations with workers at its Helsinki and Vaasa units. Besides the previously realized cost savings and implementation of flexible working hours also cuts in personnel are necessary.

10 workers in the Helsinki unit are laid off permanently. In the Vaasa unit maximum 45 workers will be temporarily laid off for a maximum of 90 days. Negotiations with the administrative employees in Vaasa will be continued.


Espoo, 21 December 2001

INCAP CORPORATION


Kari Saarinen
President and CEO

Further information:
Kari Saarinen, tel. +358 40 830 5689



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