PLC UUTECHNIC GROUP OYJ STOCK EXCHANGE RELEASE, JANUARY 19th, 2017 at 14:30
AP-TELA OY, A SUBSIDIARY OF UUTECHNIC GROUP, CONCLUDES CO-DETERMINATION NEGOTIATIONS
AP-Tela Oy, 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 order backlog. Terminations of employment contracts will concern 3 persons and temporarily lay-offs will last less than 90 days. AP-Tela Oy has 44 employees.
In Uusikaupunki January 19, 2017
PLC UUTECHNIC GROUP OYJ
Board of Directors
Further information: Martti Heikkilä, CEO, Plc Uutechnic Group Oyj +358 40 543 1324
Uutechnic Group is focused on improving the competitiveness of its customers by providing them advanced equipment technology and unique service concept worldwide. The product range includes agitators, different types of pressure vessels, process- and storage tanks, reactors and heat exchangers. Additionally different types of long welded and machined axially symmetrical parts as rolls, cylinders, tubes and cones.
The main industries are hydrometallurgy, mining-, pulp and paper-, food-, fertilizer-, other chemical industries and environmental technology.
Plc Uutechnic Group’s subsidiaries are AP-Tela Oy, Japrotek Oy Ab, Uutechnic Oy and Stelzer Rührtechnik International GmbH.