Stock Exchange Release 11 January 2013 at 1 p.m.
INCAP TO LAUNCH CO-OPERATIVE NEGOTIATIONS IN CORPORATE SERVICES IN FINLAND
Incap Corporation has today invited the personnel working in its corporate services in Finland to negotiations in accordance with the Co-operative Act. In order to increase the efficiency of operations and to improve the cost structure Incap is planning a reorganisation of corporate services and eventual transfer of certain functions to the company's other locations.
A total of 20 persons are invited to the negotiations, most of them working in Helsinki. Based on a preliminary estimate the eventual measures to be negotiated may lead to reorganisation or reductions affecting approximately 14 employees.
The first meeting in the negotiations is called to take place on 18 January, and the estimated duration of negotiations is at least six weeks.
President and CEO
Sami Mykkänen, President and CEO, tel. +358 40 559 9047 or +372 5553 7905
Kirsti Parvi, CFO, tel. +358 50 517 4569
Hannele Pöllä, Director, Communications and IR, 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, India and China. The Group's revenue in 2011 amounted to EUR 68.9 million, and the company currently employs approximately 640 people. Incap's share is listed on the NASDAQ OMX Helsinki. Additional information: www.incap.fi.
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Source: Incap Oyj via Thomson Reuters ONE