INCAP LAUNCHES CO-DETERMINATION NEGOTIATIONS

INCAP CORPORATION STOCK EXCHANGE RELEASE 11 February 2008 at 11 a.m.
 
  
In order to improve the company’s profitability Incap is studying the possibilities for increasing the operational efficiency. For this purpose Incap has initiated co-determination negotiations in its materials and purchase functions as well as in the corporate support functions in Finland.
 
The eventual actions to be agreed upon in the negotiations will include termination of employment contracts, temporary layoffs and re-organisation of tasks and are estimated to apply to approximately 15-20 office workers.
 
INCAP CORPORATION
 
Juhani Hanninen
President and CEO
 
 
For additional information, please contact:
Juhani Hanninen, President and CEO, tel. +358 50 556 7199
Hannele Pöllä, Director, Communications and Investor Relations, tel. +358 40 504 8296
 
DISTRIBUTION
OMX Nordic Exchange Helsinki
Principal media
 
 
INCAP IN BRIEF
Incap Corporation is a fast-growing electronics contract manufacturer whose comprehensive service covers the entire product life cycle from design and manufacture to repair and maintenance services. The company’s main customers are leading equipment suppliers in telecommunications, electrical power technology, the automation and process industries as well as measurement technology, safety electronics and health care. The Incap Group’s revenue in 2007 amounted to approx. EUR 83.2 million and the company currently employs approx. 810 persons. Incap’s share is listed on the OMX Nordic Exchange Helsinki. For additional information, please visit www.incap.fi