Stock Exchange Release 30 September 2013 at 5 p.m.
INCAP TO LAUNCH CO-OPERATIVE NEGOTIATIONS IN CORPORATE SERVICES
Incap Corporation has today invited the personnel working in corporate services in Finland as well as the expatriate employees of the company 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 or organisation units.
A total of 19 persons are invited to the negotiations. Based on a preliminary estimate the eventual measures to be negotiated may lead to a reorganisation or reductions affecting approximately 16 employees.
The first meeting in the negotiations will take place on 7 October 2013, and the estimated duration of negotiations is at least six weeks.
President and CEO
Susanna Pyykkö, Group HR Manager, tel. +358 40 143 3957
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 2012 amounted to EUR 64.1 million, and the company currently employs approximately 600 people. Incap's share is listed on the NASDAQ OMX Helsinki. Additional information: www.incap.fi.
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Incap Oyj via Thomson Reuters ONE