Vaahto Roll Service Oy, a Subsidiary of Vaahto Group, Concludes Co-determination Negotiations
VAAHTO GROUP PLC OYJ STOCK EXCHANGE BULLETIN 2.2.2009 at 13.30
VAAHTO ROLL SERVICE OY, A SUBSIDIARY OF VAAHTO GROUP, CONCLUDES CO-DETERMINATION NEGOTIATIONS
The co-determination negotiations concerning Vaahto Roll Service Oy, a subsidiary of Vaahto Group, have been concluded. The results of the negotiations were to terminate total 5 employment contracts. In addition to this, Vaahto Roll Service Oy shall lay-off total 60 persons for varying periods of time, starting from two weeks’ period and ending to lay-offs until further notice. Vaahto Roll Service Oy has total about 65 salaried and blue-collar employees in Tampere.
Lahti February 2, 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.