SCANFIL PLC STOCK EXCHANGE RELEASE 5 AUGUST 2009 12.15 p.m.
SCANFIL PLC'S SUBSIDIARY, SCANFIL EMS OY, STARTS EMPLOYER-EMPLOYEE NEGOTIATIONS
IN SIEVI
Scanfil plc's subsidiary, Scanfil EMS Oy, has today invited representatives of
the Sievi plant to statutory employer-employee negotiations due to production
and financial reasons and business restructuring.
The reason for negotiations is weakening in demand at Sievi plant, which causes
a need to reorganize and restructure production operations.
According to a tentative estimate, the planned measures will result in changes
in the duties and operations as well as in layoffs of approximately 70 workers
and clerical employees.
SCANFIL PLC
Harri Takanen
President
Additional information:
President Harri Takanen
Tel +358 8 4882 111
Distribution OMX Nordic Exchanges, Helsinki
Major Media
www.scanfil.com
Scanfil Group comprises the investment and parent company Scanfil plc, and a
subgroup called Scanfil EMS Oy, which is engaged in contract manufacturing for
international telecommunications technology and industrial electronics
manufacturers. The objective of the investment activities is to make the
management of the company's funds more effective and productive by diversifying
the risks and finding new growth potential.
Scanfil has over 30 years of experience in demanding contract manufacturing.
Scanfil is a systems supplier that offers its products and services to
international telecommunications systems manufacturers and industrial
electronics customers. Typical telecommunications products include equipment
systems for mobile and public switched telephone networks. Automation systems,
frequency converters, lift control systems, equipment and systems for
electricity production and transmission, analysers, slot machines and different
meteorological instruments are just some examples of the industrial electronics
products we manufacture. The company has production facilities in China,
Estonia, Hungary and Finland.
SCANFIL PLC'S SUBSIDIARY, SCANFIL EMS OY, STARTS EMPLOYER-EMPLOYEE NEGOTIATIONS IN SIEVI
| Source: Sievi Capital Oyj