Incap to start cooperation negotiations in its factory in Helsinki

Incap Corporation
Stock Exchange Release       13 September 2011 at 11.15 a.m.

 

INCAP TO START COOPERATION NEGOTIATONS IN ITS FACTORY IN HELSINKI

 

Incap is preparing for the decline in demand as indicated in the estimates of some customers and convenes therefore negotiations in accordance with the Cooperation Act in its operations in Helsinki factory.

 

The negotiations concern temporary lay-offs for a maximum duration of 90 days due to production and financial reasons in order to adapt the operations and costs according to the eventual decline in demand. The target is to conclude the negotiations as soon as possible.

 

Incap employs a total of 62 persons in its Helsinki factory at the moment. The latest temporary lay-offs took place in the factory at the end of 2010. 

 

INCAP CORPORATION

 

Sami Mykkänen
President and CEO

 

Further information:
Sami Mykkänen, President and CEO, tel. +358 40 559 9047
Kirsi Hellsten, Director, Human Resources, tel. +358 50 387 7437
Hannele Pöllä, Director, Communications and Investor Relations, tel. +358 40 504 8296

 

DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Principal media
www.incap.fi

 

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 and India. The Group’s revenue in 2010 amounted to EUR 59.2 million, and the company currently employs approximately 760 people. Incap’s share is listed on the NASDAQ OMX Helsinki. Additional information: www.incap.fi.