Vaahto Group Plc Oyj
JAPROTEK OY AB, A SUBSIDIARY OF VAAHTO GROUP, CONCLUDES CO-DETERMINATION NEGOTIATIONS
Vaahto Group Plc Oyj 24.06.2015 11:00 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Helsinki, Finland, 2015-06-24 11:00 CEST (GLOBE NEWSWIRE) -- 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 tel. +358 40 826 2066 Kalle Rasinmäki, CEO, Vaahto Group Plc Oyj tel. +358 40 566 4250 News Source: NASDAQ OMX 24.06.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Vaahto Group Plc Oyj Finland Phone: Fax: E-mail: Internet: ISIN: FI0009900708 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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