Stock Exchange Release 20th March 2014 at 5 p.m.
INCAP TO LAUNCH CO-OPERATIVE NEGOTIATIONS AT VAASA FACTORY ORGANIZATION
Incap Corporation has today invited the personnel working at Vaasa factory organization to negotiations in accordance with the Co-operative Act. The company starts to plan actions to adjust the Vaasa factory organization, operations and cost structure to match the current and estimated situation.
A total of 74 persons are invited to the negotiations. Based on a preliminary estimate the eventual measures to be negotiated may lead to a re-organization or reductions for time being affecting to the whole factory personnel and/or to the permanent re-organization or reductions with approximately 15 employees.
The first meeting in the negotiations will take place on 24th March 2014, and the estimated duration of negotiations is at least six weeks.
President and CEO
Susanna Pyykkö, Group HR Manager, tel. +358 40 143 3957
NASDAQ OMX Helsinki Ltd
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Incap Oyj via Globenewswire