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INCAP CONCLUDES CO-DETERMINATION PROCEDURE IN MATERIALS AND CORPORATE SUPPORT FUNCTIONS
INCAP CORPORATION Stock Exchange Release 2 April 2008 at 11 a.m.
The co-determination negotiations concerning Incap's materials and purchase functions as well as the corporate support functions in Finland have concluded. As a result, five people will be made redundant.
The co-determination procedure concerning the personnel at Incap's Vuokatti factory still continue. These negotiations were initiated on 28 February 2008 and the eventual actions to be agreed upon include temporary layoffs for a maximum of 90 days.
President and CEO
For further information, please contact:
Juhani Hanninen, President and CEO, tel. +358 50 556 7199
OMX Nordic Exchange Helsinki
INCAP IN BRIEF
Incap Corporation is a fast-growing, internationally operating electronics contract manufacturer whose comprehensive service covers the entire product life cycle from design and manufacture to repair and maintenance services. In addition to electronics, Incap also manufactures mechanical products and parts. The company specialises in technically demanding products and product entities that are manufactured in small and medium-sized production series. Incap's main customers are leading equipment suppliers in telecommunication, energy, industrial electronics, security as well as in medical and well-being. Incap has operations in Finland, Estonia and India. The Group's revenue in 2007 amounted to 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