Vaahto Ltd, a Subsidiary of Vaahto Group, Concludes CO-determination Negotiations
VAAHTO GROUP PLC OYJ STOCK EXCHANGE BULLETIN 27.1.2009 at 15.00
VAAHTO LTD, A SUBSIDIARY OF VAAHTO GROUP, CONCLUDES CO-DETERMINATION NEGOTIATIONS
The co-determination negotiations concerning Vaahto Ltd, a subsidiary of Vaahto Group, have been concluded. The results of the negotiations were to terminate total 15 employment contracts. In addition to this, Vaahto Ltd shall lay-off total 70 persons for varying periods of time, starting from one weeks’ period and ending to lay-offs until further notice. Vaahto Ltd has total about 140 salaried and blue-collar employees in Hollola and in Tampere.
Lahti January 27, 2009
VAAHTO GROUP PLC OYJ
CEO, Vaahto Group Plc Oyj
tel. +358 40 8232835
Vaahto Group is a globally operating high technology company serving process industry in the fields of pulp and paper machinery and process machinery.