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Japrotek Oy Ab, a Subsidiary of Uutechnic Group, Concludes Co-determination negotiations

PLC UUTECHNIC GROUP OYJ STOCK EXCHANGE RELEASE, FEBRUARY 17, 2016 at 16:15

JAPROTEK OY AB, A SUBSIDIARY OF UUTECHNIC GROUP, CONCLUDES CO-DETERMINATION NEGOTIATIONS

Japrotek Oy Ab, a subsidiary of Uutechnic Group, concluded the co-determination negotiations according to co-operation act of Finland. The negotiations were based on the restructuring of operations and on the financial and productive reasons of the company. Negotiations concerned entire personnel. It was decided that the number of personnel will be adjusted in accordance with the company’s financial situation and backlog. Terminations of employment contracts will concern 5 persons and temporarily lay-offs will last less than 90 days.

In Uusikaupunki February 17, 2016

 

PLC UUTECHNIC GROUP OYJ

Board of Directors

 

Information: Martti Heikkilä, CEO, Plc Uutechnic Group Oyj +358 40 543 1324