SCANFIL PLC STOCK EXCHANGE RELEASE 21 February 2012 2:00 P.M.
SCANFIL PLC’S SUBSIDIARY, SCANFIL EMS OY, STARTS EMPLOYER-EMPLOYEE NEGOTIATIONS AT SIEVI PLANT
Scanfil plc’s subsidiary, Scanfil EMS Oy, has today invited representatives of different personnel groups of Sievi plant to statutory employer-employee negotiations due to production and financial reasons and business restructuring.
The reason for the negotiations is the low profitability of the Sievi plant and the resulting need for adjusting and reorganising the unit’s operations in order to ensure the prerequisites for operating in a financially profitable way.
According to a tentative estimate, the planned measures will result in changes in the duties and operations as well as in layoffs of approximately 90 workers, clerical employees, and professional and managerial staff.
CEO Harri Takanen
Tel +358 8 4882 111
Distribution NASDAQ OMX, Helsinki
Scanfil Group is engaged in contract manufacturing for international telecommunications technology and professional electronics manufacturers.
Scanfil has 35 years of experience in demanding contract manufacturing. Scanfil is a systems supplier that offers its products and services to international telecommunications systems manufacturers and professional electronics customers. Typical products are 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. The company has production facilities in China, Estonia, Hungary and Finland.
The associated company of Scanfil Group:
Greenpoint Oy (Scanfil EMS Oy’s share of ownership 40%) focuses on development and supply of solutions and equipment, which improve placements, visibility and sales of customer products in the Point-Of-Sale. The Greenpoint product portfolio includes a large variety of refrigerated merchandisers, displays and integrated check-out zone concepts. The company serves both brand owners and retail chains internationally. Along with the European markets Greenpoint Oy has entered North and Latin American markets through partnerships. www.greenpoint.fi