Vacon - Changes in company's own shares

Vacon completes negotiations concerning office personnel in Finland

Vacon Plc, Stock Exchange Release, 29 September 2009 at 10.00 am:

Vacon Plc began negotiations concerning the office staff in its
Finnish operations on 14 September, examining the means available to
adjust operations to weaker market conditions. As a result of the
negotiations, Vacon has decided to lay off 160 office employees for
fixed periods. There will be no redundancies as a result of the
personnel negotiations concluded today.

Each person affected by the negotiations will be laid off for 7
working days in 2009 and for a maximum of 30 days in 2010. It was
also agreed that the need for lay-offs will be reviewed at quarter
year intervals.
In addition to the lay-offs, agreement was also reached on voluntary
leave of absence and on exchanging holiday pay for time off. The
savings it is hoped to achieve are roughly equal to the need to
reduce costs by some 30 man-years during 2009 - 2010.

The need to adjust the company's operations arises from the decline
in orders and the difficulty in predicting market prospects in the
near future. With these measures Vacon Group aims to maintain a
reasonable profitability in difficult market conditions. The cost
savings being aimed for will not affect customer service, product
deliveries or product development. "I hope that these measures are
sufficient and that we can now focus on developing new products and
bringing them on to the market. We have a clear strategy and we will
survive this dip in the market," comments Vacon Plc President and CEO
Vesa Laisi.

Vacon employs altogether more than 660 people in Finland, in Vaasa,
Tampere and Vantaa.

Vacon in brief
Vacon's operations are driven by a passion to develop, manufacture
and sell the best AC drives in the world - and nothing else. AC
drives are used to control electric motors and in renewable energy
generation. Vacon has R&D and production units in Finland, the USA,
China and Italy, and sales offices in more than 25 countries. In 2008
Vacon had revenues of EUR 293.2 million and globally employed 1200
people. The shares of Vacon Plc (VAC1V) are quoted on the main list
of the Helsinki stock exchange.

Driven by Drives, www.vacon.com

VACON PLC

For further information please contact:

  * Mr. Vesa Laisi, President and CEO, phone: +358 (0)40 8371 510,
    between 1 pm and 2 pm (Finnish time, EET)
  * Mr. Sebastian Linko, Director, Corporate Communications, phone:
    +358 (0)40 8371 634, between 10 am and 1 pm (Finnish time, EET)

Distribution
NASDAQ OMX Helsinki
Main media
Financial Supervision Authority