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Incap Oyj: Incap corporation closed the co-operative negotiation process at Vaasa factory organization

Incap Corporation

Stock Exchange Release 9thMay 2014 at 1 p.m.


Incap Corporation has closed the co-operative negotiation process with Vaasa
factory organization on 8thMay 2014. The negotiation process started on
24thMarch 2014 and total of 74 persons were invited to the negotiation
process to discuss the actions to adjust the Vaasa factory organization,
operations and cost structure to match the current and estimated situation.

As a result of the negotiation process the employment contracts fewer than 10
employees will be terminated during summertime 2014. Company will also
re-evaluate the situation in September 2014 and if needed, there will be more
terminations to ensure the cost-effectivity of the Vaasa factory operations.
Maximum amount for employment contract terminations will be 15 by the end of
September 2014. The company will also use temporary lay-offs (effective for
time being) to adjust the capacity according the demand.

Vesa Tammela, Vaasa factory Manager: "The co-operative negotiations are always
challenging. I'm very pleased for the good co-operation with our personnel
and want to thank them sincerely for that."


Fredrik Berghel
President and CEO

Additional information:
Susanna Pyykkö, Group HR Manager, tel. +358 40 143 3957

NASDAQ OMX Helsinki Ltd
Principal media


Incap Corporation is an international contract manufacturer whose
comprehensive services cover the entire life-cycle of electromechanical
products from design and sourcing to actual manufacture and further to
maintenance services. Incap's customers are leading suppliers of
high-technology equipment in their own business segments, and Incap increases
their competitiveness as a strategic partner. Incap has operations in
Finland, Estonia, India and China. The Group's revenue in 2013 amounted to
approximately EUR 36.8 million, and the company currently employs
approximately 470 people. Incap's share has been listed on the NASDAQ OMX
Helsinki Ltd since 1997. Additional information:


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Incap Oyj via Globenewswire


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