Scanfil Oyj - Company Announcement

SCANFIL LIMITED’S NEGOTIATIONS TO RESTRUCTURE OPERATIONS CLOSED

SCANFIL PLC    STOCK EXCHANGE RELEASE       25 APRIL  2016   2.15  P.M.

SCANFIL LIMITED’S NEGOTIATIONS TO RESTRUCTURE OPERATIONS CLOSED

Scanfil Sweden AB’s English subsidiary, Scanfil Limited, announced on 19
February 2016 the intent to reorganize operations of the company. At the same
time, the company announced that they will start a communications and
negotiations procedure with the representatives of the personnel groups in
accordance with English legislation. The possibility of closing down the
production of the plant was also discussed during the negotiations. 

Based on the final result of the negotiations, Scanfil Limited’s Board of
Directors has on  25 April 2016 decided to start closing down of the plant.
Unlike it was estimated earlier the closure of the plant is expected to cause
non-recurring costs, which are expected to remain under EUR 1.0 million.  The
plan is to conclude the closing actions by 25 July 2016 and an impact on
earnings is mainly focused to second quarter of 2016. 



Petteri Jokitalo
CEO



Additional information:
CEO Petteri Jokitalo
Tel +358 8 4882 111



Distribution         NASDAQ OMX, Helsinki
Major Media
                           www.scanfil.com





Scanfil is an international contract manufacturer and system supplier for the
electronics industry with 40 years of experience in demanding contract
manufacturing. Scanfil provides its customers with an extensive array of
services, ranging from product design to product manufacturing, material
procurement and logistics solutions. Vertically integrated production and a
comprehensive supply chain are the foundation of Scanfil’s competitive
advantages: speed, flexibility and reliability. 

Typical Scanfil products include mobile and communications network devices,
automation system modules, frequency converters, lift control systems,
analysers, various slot and vending machines, and devices related to medical
technology and meteorology. Scanfil services are used by numerous international
automation, energy, IT and health service providers, as well as companies
operating in the field of urbanisation. Scanfil’s network of factories consists
of 15 production units in Europe, Asia and North America. The total number of
employees is 3,800.