SCANFIL PLC'S EMPLOYER-EMPLOYEE NEGOTIATIONS CONCLUDED
Scanfil plc's statutory employer-employee negotiations concerning its Äänekoski
and Oulu plants, Group administration and the salaried employees of its Sievi
units due to production and financial reasons and business restructuring ended
today, on 19 March 2007.
As a result of the negotiations the manufacturing operations of the Äänekoski
plant will be transferred to Scanfil Group's other units by end of September.
The remaining activities of the Oulu plant will end during the summer. A total
of 95 workers and salaried employees of the Oulu and Äänekoski plants will be
made redundant. The number of salaried employees and Group administration
employees to be dismissed from the Sievi units is 17. Work can be offered to
some of these people at the company's other plants.
Since demand and production continue to concentrate on developing markets,
operations in Finland need to be adapted to take account of the situation. The
aim of the measures agreed on is to improve and maintain Scanfil's
profitability, cost-efficiency and competitiveness in the rapidly changing
contract manufacturing market. The adjustment measures are not expected to cause
significant costs. The company has already taken the first steps to sell the
Oulu and Äänekoski facilities.
SCANFIL PLC
Veli Torvinen
President
For more information, please contact:
President Veli Torvinen
Tel. +358 8 4882 111
Distribution Helsinki Stock Exchange
Key media
www.scanfil.com