Inside information: Aspocomp has completed its change negotiations in Finland
February 16 2024 - 12:45AM
UK Regulatory
Inside information: Aspocomp has completed its change negotiations
in Finland
Aspocomp Group Plc, Inside Information, February 16, 2024, at
8:45 a.m. (Finnish time)
Aspocomp Group Plc has concluded the change negotiations started on
January 4, 2024, which concerned the company’s entire personnel in
Finland, approximately 150 people. Change negotiations in
accordance with the Cooperation Act were initiated to improve the
company’s profitability and competitiveness, as well as to secure
the ability to operate in the future in a weakened market
situation.
At the start of the negotiations, it was estimated that the planned
measures could result in temporary layoffs and, in addition, the
termination of a maximum of five positions. As a result of the
negotiations, two employees will be dismissed. The company’s layoff
authorization applies to 40 people. Layoffs can be implemented for
the time being if the company’s financial or production situation
so requires. The layoffs will be implemented in such a way that the
company will maintain its production and operational capacity as
well as the ability to manufacture the current production demand
and fulfill customer’s new orders.
For further information, please contact Mikko Montonen, President
and CEO,
tel. +358 40 5011 262, mikko.montonen(at)aspocomp.com.
ASPOCOMP GROUP PLC
Mikko Montonen
President and CEO
Aspocomp – heart of your technology
A printed circuit board (PCB) is used for electrical
interconnection and as a component assembly platform in electronic
devices. Aspocomp provides PCB technology design, testing and
logistics services over the entire lifecycle of a product. The
company’s own production and extensive international partner
network guarantee cost-effectiveness and reliable deliveries.
Aspocomp’s customers are companies that design and manufacture
telecommunication systems and equipment, automotive and industrial
electronics, and systems for testing semiconductor components for
security technology. The company has customers around the world and
most of its net sales are generated by exports.
Aspocomp is headquartered in Espoo and its plant is in Oulu, one of
Finland’s major technology hubs.
www.aspocomp.com
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