INCAP STARTS CO-DETERMINATION NEGOTIATIONS REGARDING TEMPORARY LAYOFFS AT VUOKATTI FACTORY
INCAP CORPORATION Stock Exchange Release 28 February 2008 at 2 p.m.
Incap Corporation has today initiated co-determination negotiations, which affect all the personnel of the Vuokatti factory as well as the corporate personnel working in the unit, with the sales excluded.
The eventual actions to be agreed upon in the negotiations will include temporary layoffs due to production and economic reasons. The duration of layoffs will be a maximum of 90 days.
In order to improve its profitability Incap will increase its operational efficiency and adopt its cost structure to comply with the current demand. Incap started on 11 February 2008 co-determination negotiations regarding materials and purchase functions as well as the corporate support functions in Finland.
President and CEO
For additional information, please contact:
Hannele Pöllä, Director, Communications and Investor Relations, tel. +358 40 504 8296
OMX Nordic Exchange Helsinki
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 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