Vaahto Ltd, a Subsidiary of Vaahto Group, Starts Co-determination Negotiations
VAAHTO GROUP PLC OYJ STOCK EXCHANGE BULLETIN 8.12.2008 at 14.00
VAAHTO LTD, A SUBSIDIARY OF VAAHTO GROUP, STARTS CO-DETERMINATION NEGOTIATIONS
Vaahto Ltd, a subsidiary of Vaahto Group, starts today co-determination negotiations on adjusting the company’s operations to the weakened market and demand situation.
Negotiations concern temporary lay-offs of entire personnel and also eventual terminations of employment contracts. Vaahto Ltd has total about 140 salaried and blue-collar employees in Hollola and in Tampere.
Lahti December 8, 2008
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.