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Wednesday, 12 July 2017

Plc Uutechnic Group Oyj: JAPROTEK OY AB, A SUBSIDIARY OF UUTECHNIC GROUP, CONCLUDES CO-DETERMINATION NEGOTIATIONS

Plc Uutechnic Group Oyj    

Published: 10:15 CEST 12-07-2017 /GlobeNewswire /Source: Plc Uutechnic Group Oyj / : UUTEC /ISIN: FI0009900708

Plc Uutechnic Group Oyj: JAPROTEK OY AB, A SUBSIDIARY OF UUTECHNIC GROUP, CONCLUDES CO-DETERMINATION NEGOTIATIONS

PLC UUTECHNIC GROUP OYJ STOCK EXCHANGE BULLETIN JULY 12, 2017 at 11:15 am

JAPROTEK OY AB, A SUBSIDIARY OF UUTECHNIC GROUP, CONCLUDES CO-DETERMINATION NEGOTIATIONS

Japrotek Oy Ab, a subsidiary of Uutechnic Group, concluded the co-determination negotiations according to co-operation act of Finland. The negotiations were based on the restructuring of operations and on the financial and productive reasons of the company. Negotiations concerned entire personnel. It was decided that the number of personnel will be adjusted in accordance with the company's financial situation and order backlog. Terminations of employment contracts will concern 11 persons maximum and temporarily lay-offs may last more than 90 days.

In Uusikaupunki July 12, 2017

 

PLC UUTECHNIC GROUP OYJ

Board of Directors

 

Further information:
Jouko Peräaho, CEO, Plc Uutechnic Group Oyj 
+358 500 740808

www.uutechnicgroup.fi

 

Uutechnic Group is focused on improving the competitiveness of its customers by providing them advanced equipment technology and unique service concept worldwide. The product range includes agitators, different types of pressure vessels, process- and storage tanks, reactors and heat exchangers. Additionally different types of long welded and machined axially symmetrical parts as rolls, cylinders, tubes and cones.

The main industries are hydrometallurgy, mining-, pulp and paper-, food-, fertilizer-, other chemical industries and environmental technology.

Uutechnic Group's business consists of one segment, Process Solutions, which is divided into two business lines: Mixing Technology and Tanks & Rolls. Mixing Technology business line consists of Stelzer Rührtechnik Int. GmbH and Uutechnic Oy. Tanks & Rolls business line consists of Japrotek Oy Ab and AP-Tela Oy.





This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Plc Uutechnic Group Oyj, Muottitie 2, UUSIKAUPUNKI FI-23500, FINLAND
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