Japrotek Oy Ab, a Subsidiary of Vaahto Group, Concludes Co-determination Negotiations

VAAHTO GROUP PLC OYJ STOCK EXCHANGE BULLETIN 24.6.2015 at 12:00

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

Japrotek Oy Ab, a subsidiary of Vaahto Group, has concluded the co-determination negotiations according to co-operation act of Finland on adjusting the company’s operations to the weakened market and demand situation. Negotiations concern entire personnel excluding major sales functions. The conclusion of the negotiations is that the personnel adjustments shall be started at the earliest in August 2015 according to the company’s financial situation and order book. Japrotek Oy Ab has 58 employees in Pietarsaari.

 

In Lahti June 24, 2015

 

VAAHTO GROUP PLC OYJ

Board of Directors

 

Information:
Sami Alatalo, Chairman of the Board of Directors, Vaahto Group Plc Oyj +358 40 826 2066

Kalle Rasinmäki, CEO, Vaahto Group Plc Oyj  +358 40 566 4250