Exel Composites Oyj - Company Announcement

Co-determination negotiations concluded in the Finnish units of the Exel Composites Group

EXEL COMPOSITES PLC                           STOCK EXCHANGE RELEASE 12.7.2012
at 13.00 

CO-DETERMINATION NEGOTIATIONS CONCLUDED IN THE FINNISH UNITS OF THE EXEL
COMPOSITES GROUP 

Co-determination negotiations concerning the Finnish units of the Exel
Composites Group have been concluded. 

The negotiations were based on the employer's negotiation proposal. The
negotiations concerned the salaried employees working in the Finnish units. It
was estimated that a maximum of 9 employment contracts be terminated. 

As a result of negotiations, the amount of employment contracts to be
terminated is five (5) at the most. Possibilities for part-time employment
contracts will be investigated for some of the persons concerned. In addition,
job descriptions, tasks and essential terms of the employment contracts of
salaried employees will be altered to correspond to the new situation when
necessary. 

Furthermore, the salaried employees will be laid off temporarily for a maximum
of 90 days. 

Personnel reductions will take place by the end of 2012.

The development of the market situation is monitored at all times in the Group,
and if necessary, measures will be taken rapidly. 



Vantaa, 12 July 2012



EXEL COMPOSITES PLC

Vesa Korpimies
President and CEO



Further information:
Mr. Vesa Korpimies, President and CEO, Exel Composites Plc, tel. +358 50 590
6754, or email vesa.korpimies@exelcomposites.com 
Mr. Ilkka Silvanto, CFO, Exel Composites Plc, tel. +358 50 598 9553, or email
ilkka.silvanto@exelcomposites.com 

DISTRIBUTION
NASDAQ OMX Helsinki Ltd.
Main news media
www.exelcomposites.com



EXEL COMPOSITES IN BRIEF
Exel Composites (www.exelcomposites.com) is a technology company which designs,
manufactures and markets composite profiles and tubes for industrial
applications. The Group is the leading composite profile manufacturer in the
world and concentrates on growing niche segments. 

The core of the operations is based on own, internally developed composite
technology, product range based on it and a strong market position in selected
segments with a strong quality and brand image. Profitable growth is pursued by
a relentless search for new applications and development in co-operation with
customers. The personnel's expertise and high level of technology play a major
role in Exel Composites' operations. 

The Exel Composites Plc share is listed in the Small Cap segment of NASDAQ OMX
Helsinki Ltd.