Plc Uutechnic Group Oyj: JAPROTEK OY AB, A SUBSIDIARY OF UUTECHNIC GROUP, STARTS CO-DETERMINATION NEGOTIATIONS
PLC UUTECHNIC GROUP OYJ STOCK EXCHANGE BULLETIN MAY 29, 2017 at 9:30 am
JAPROTEK OY AB, A SUBSIDIARY OF UUTECHNIC GROUP, STARTS CO-DETERMINATION NEGOTIATIONS
Japrotek Oy Ab, a subsidiary of Uutechnic Group, starts co-determination negotiations according to co-operation act of Finland. The negotiations are based on the restructuring of operations and on the financial and productive reasons of the company. Negotiations concern entire personnel. Possible terminations of employment contracts concern maximum 15 persons and possible temporarily lay-offs may last more than 90 days. Japrotek Oy Ab has 61 employee.
In Uusikaupunki May 29, 2017
PLC UUTECHNIC GROUP OYJ
Board of Directors
Jouko Peräaho, CEO, Plc Uutechnic Group Oyj +358 500 740808
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.
Uutechnic Group’s business consists of one segment, Process Solutions, which is divided into two business lines: Mixing Technology and Tanks & Rolls. Mixing Technology business line consists of Stelzer Rührtechnik Int. GmbH and Uutechnic Oy. Tanks & Rolls business line consists of Japrotek Oy Ab and AP-Tela Oy.