Neo Industrial Oyj - Company Announcement

NEO INDUSTRIAL’S SUBSIDIARY REKA CABLES STARTS CO-DETERMINATION NEGOTIATIONS

NEO INDUSTRIAL PLC    STOCK EXCHANGE RELEASE            October 1, 2012 at 3.00
pm 



Neo Industrial's subsidiary Reka Cables Ltd starts co-determination
negotiations concerning the entire personnel, totalling 244 people. 

The  purpose of the co-determination negotiations is to secure company's
competitiveness for the rest of the year and to prepare for the risk factors on
the market during Q1/2013. 

The adjustments will be temporary lay-offs with maximum length on 90 days and
notice of termination for 9 persons at most. 

The co-determination negotiations will start on October 2, 2012 and are
estimated to be concluded during week 41/2012. 



Neo Industrial Plc

Markku E. Rentto
Managing Director

For further information, please contact:
Managing Director Markku E. Rentto, tel. +358 207 209 191


www.neoindustrial.fi

Neo Industrial's strategy is to invest mainly in industrial companies with
similar synergic benefits. The aim of investments is with active ownership to
develop the purchased companies and establish additional value. Returns are
sought through both dividend flow and an increase in value. Neo Industrial's
class B shares are listed on the NASDAQ OMX Helsinki Stock Exchange. Neo
Industrial's business segments are Cable and Viscose Fibers.