NEO INDUSTRIAL PLC STOCK RELEASE 20 October 2015 at 1.00 pm
NEO INDUSTRIAL PLC: REKA CABLES LTD STARTS CO-DETERMINATION NEGOTIATIONS CONCERNING OFFICIALS
Neo Industrial Plc´s subsidiary Reka Cables Ltd starts efficiency improvement program which aims to ensure competitiveness of the company in the long term.
As a part of the efficiency improvement program Reka Cables Ltd starts the co-determination negotiations to decrease maximum nine permanent officials. The co-determination negotiations concern all permanent officials in Hyvinkää, Riihimäki and Keuruu. The total amount of permanent officials at the end of September 2015 was 59 people.
Hyvinkää, 20 October 2015
Neo Industrial Plc
Ralf Sohlström
Mananging Director
Further information:
Ralf Sohlström, Mananging Director, tel. +358 40 770 2720
Neo Industrial's strategy is to invest mainly in industrial companies with similar synergic benefits. The aim of investments is with active ownership to develop the purchased companies and establish additional value. Returns are sought through both dividend flow and an increase in value. Neo Industrial's class B shares are listed on the NASDAQ Helsinki Stock Exchange. Neo Industrial's business segment is Cable Industry.