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2009-02-02 12:30:00 CET 2009-02-02 12:30:01 CET REGULATED INFORMATION Vaahto Group Plc Oyj - Company AnnouncementVAAHTO ROLL SERVICE OY, A SUBSIDIARY OF VAAHTO GROUP, CONCLUDES CO-DETERMINATION NEGOTIATIONSVAAHTO 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 Antti Vaahto President (CEO) Information: Antti Vaahto 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. |
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