Cencorp - Company Announcement

CENCORP’S STATUTORY NEGOTIATIONS CONCLUDED

Cencorp Corporation                                             Stock Exchange
Release 2 October 2013 at 12.00 Finnish time 



CENCORP'S STATUTORY NEGOTIATIONS CONCLUDED



The statutory negotiations started at Cencorp 11 September 2013 have been
concluded. As a result of the negotiations no notices will be given but the
targeted savings will be gained with lay-offs carried out in phases, with
flexible working hour arrangements and by decreasing certain remunerations as
well as by outsourcing certain ramp up functions.  The lay-offs do not concern
Cencorp's Clean Energy Solutions segment. 



”In the negotiations Cencorp's personnel showed very constructive attitude and
together we were able to work out a solution with no notices. Lay-offs will be
carried out in phases to secure deliveries and service of Cencorp's automation
solutions”, says Iikka Savisalo, Cencorp's CEO. 





In Mikkeli, 2 October 2013



Cencorp Corporation



For more information, please contact:

Iikka Savisalo, President and CEO, tel. +358 40 521 6082,
iikka.savisalo@cencorp.com 





Distribution:

NASDAQ OMX, Helsinki

Main media

www.cencorp.com



Cencorp Corporation is a leading provider of industrial automation solutions.
The equipment included in the product portfolio designed for depaneling,
odd-form assembly, testing and laser materials processing substantially
improves the efficiency of customers' production. The product range also
includes EMI shielding solutions, RFID antennas, other flexible circuits
including for example conductive back sheets used in photovoltaic modules and
mobile phone antennas. Cencorp's customers are manufacturers of automotive
electronics, mobile phone antennas and photovoltaic modules as well as
manufacturers operating in telecommunications and in industrial automation.
Cencorp's head office is located in Mikkeli, Finland. The company is part of
the Finnish Savcor Group.