SMT, PCB Electronics Industry News

Aspocomp Oy Starts Personnel Negotiations

Apr 09, 2003

ASPOCOMP GROUP Oyj STOCK EXCHANGE RELEASE April 9, 2003 at 12:40 p.m.

Aspocomp Group investigates the possibility to close down the Aspocomp Oy PWB factory in Padasjoki, Finland, based on both productional and economical reasons.

The proposal relating to the personnel negotiations of the Padasjoki factory was given today at 12:00. The negotiations regarding the possible personnel reductions and reorganization concern all the personnel groups, total of about 80 persons, at the factory.

Among the reasons for the possible closing of the Padasjoki factory are the overcapacity in the PWB industry and the unprofitability of the factory.

The Padasjoki factory's share of the Group net sales in 2002 was about 5 % and its share of the Group personnel about 3 %.

For more information, please contact CEO Jarmo Niemi

at +358 9 759 70711.

ASPOCOMP GROUP Oyj

Jarmo Niemi

President and CEO

DISTRIBUTION:

Helsinki Exchanges

Press and Media

www.aspocomp.com

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