Incap’s co-operative negotiations in Vaasa concluded

INCAP'S CO-OPERATIVE NEGOTIATIONS IN VAASA CONCLUDED

Incap Corporation has concluded the co-operative negotiations with the personnel at its factory in Vaasa. The negotiations concerned eventual temporary lay-offs for a maximum of 90 days.

Instead of immediate temporary lay-offs the factory will continue training and increasing multi-skills of the personnel, which enable better adoption of operations to demand. Eventual need for temporary lay-offs will be evaluated with the personnel representatives weekly based on the order book, and eventual temporary lay-offs for a maximum of 90 days will take place by the end of June.

INCAP CORPORATION

Sami Mykkänen
President and CEO

Additional information:
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

DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Principal media
www.incap.fi

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
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