Scanfil Oyj - Company Announcement

SCANFIL LIMITED TO START STATUTORY NEGOTIATIONS TO RESTRUCTURE OPERATIONS IN CAMBRIDGE, ENGLAND

SCANFIL PLC    STOCK EXCHANGE RELEASE  19 FEBRUARY 2016,   1.15 P.M.

SCANFIL LIMITED TO START STATUTORY NEGOTIATIONS TO RESTRUCTURE OPERATIONS IN
CAMBRIDGE, ENGLAND 

Today at 1.15 p.m. Finnish time, Scanfil Sweden AB’s  (former PartnerTech AB)
English subsidiary, Scanfil Limited, informed the company’s personnel about the
intention to restructure the company’s operations. Scanfil Limited has also
announced that it will initiate a communication and negotiation process with
the representatives of the personnel groups, in accordance with English
legislation.  The option of discontinuing production at the factory will also
be discussed in the negotiations. The restructuring negotiations concern all
personnel in Scanfil Limited. 

If the negotiation ends up in discontinuing operations at the factory, no
significant impact on earnings is expected for the year 2016. Turnover of
Scanfil Limited in 2015 was about EUR 6.1 million and operating loss about EUR
1.1 million. 



SCANFIL PLC

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 urbanization. Scanfil’s network of factories consists
of 16 production units in Europe, Asia and North America. The total number of
employees is 3,500.