Incap's cooperation negotiations in Finland concluded
Incap Corporation Stock Exchange Release
14 September 2010, 4 p.m.
INCAP'S COOPERATION NEGOTIATIONS IN FINLAND CONCLUDED
In order to adapt its operations and to gain savings in costs, Incap convened on 26 August 2010 negotiations in accordance with the Cooperation Act concerning a total of 186 persons in its operations in Finland.
The negotiations were concluded today and resulted in temporary layoffs of the personnel in Finland due to production and financial reasons for different periods of time varying from eleven days to three months.
Temporary layoffs of the personnel will take place by the end of the year 2010, and most of them are scheduled for the Christmas season in weeks 51 and 52.
President and CEO
Sami Mykkänen, President and CEO, Tel. +358 40 559 9047
Hannele Pöllä, Director, Communications and HR, Tel. +358 40 504 8296
NASDAQ OMX Helsinki Ltd
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 2009 amounted to EUR 70 million and the company currently employs approximately 800 people. Incap's share is listed on the NASDAQ OMX Helsinki. Additional information: www.incap.fi.