SCANFIL PLC STOCK EXCHANGE RELEASE 19 SEPTEMBER 2016 1:00 P.M.
SCANFIL VANTAA OY TO START STATUTORY NEGOTIATIONS TO RESTRUCTURE OPERATIONS
Scanfil Sweden AB’s Finnish subsidiary, Scanfil Vantaa Oy, has today at 1.00 p.m. invited representatives of different personnel groups to statutory employer-employee negotiations due to production and financial reasons and business restructuring. The possibility to close down the production at the factory will also be discussed in the negotiations. The restructuring negotiations concern all personnel in Scanfil Vantaa Oy.
Turnover of Scanfil Vantaa Oy in 2015 was about EUR 16.4 million and operating loss about EUR 0.08 million. The number of employees is 69.
CEO Petteri Jokitalo
Tel +358 8 4882 111
Distribution NASDAQ OMX, Helsinki
Scanfil is an international contract manufacturer and system supplier for the electronics industry with 40 years of experience in demanding contract manufacturing. Scanfil provides its customers with an extensive array of services, ranging from product design to product manufacturing, material procurement and logistics solutions. Vertically integrated production and a comprehensive supply chain are the foundation of Scanfil’s competitive advantages: speed, flexibility and reliability.
Typical Scanfil products include mobile and communications network devices, automation system modules, frequency converters, lift control systems, analysers, various slot and vending machines, and devices related to medical technology and meteorology. Scanfil services are used by numerous international automation, energy, IT and health service providers, as well as companies operating in the field of urbanisation. Scanfil’s network of factories consists of 12 production units in Europe, Asia and North America. The total number of employees is 3,800.