Cencorp - Company Announcement

CENCORP CORPORATION STARTS STATUTORY NEGOTIATIONS IN ITS INDUSTRIAL AUTOMATION RELATED SEGMENTS. THE STATUTORY NEGOTIATIONS DO NOT CONCERN THE CLEAN ENERGY SOLUTIONS BUSINESS

Cencorp Corporation                                                       
Stock Exchange Release 11 September 2013 at 12.15 Finnish time 



CENCORP CORPORATION STARTS STATUTORY NEGOTIATIONS IN ITS INDUSTRIAL AUTOMATION
RELATED SEGMENTS. THE STATUTORY NEGOTIATIONS DO NOT CONCERN THE CLEAN ENERGY
SOLUTIONS BUSINESS 



In order to improve the company's profitability and cost-effectiveness of the
operations and the sales as well as to strengthen competitiveness in its
traditional industrial automation related segments (LAS, Laser and Automation
Solutions, and LCM, Life Cycle Management), and to adjust its operations to the
changed business environment Cencorp has decided to investigate the options of
restructuring, downsizing and outsourcing of the company's operations relating
to LAS and LCM business. In relation to the efficiency improvement the company
is looking for possibilities to increase flexible working time arrangements. 

To adjust its operations Cencorp starts statutory negotiations in all its
offices in Finland based on production-related and financial grounds and on
grounds related to the restructuring of the operations. The statutory
negotiations will include all Cencorp employees in Finland excluding the
personnel working within Cencorp's Clean Energy Solutions segment. The estimate
of reduction in labor is max. nine employees. 



In Mikkeli, 11 September 2013



Cencorp Corporation



Board of Directors



For more information please contact:

Cencorp: Iikka Savisalo, President and CEO, tel. +358 40 521 6082,
iikka.savisalo@savcor.com 





Distribution:

NASDAQ OMX, Helsinki

Main media

www.cencorp.com





Cencorp Corporation is a leading provider of industrial automation solutions.
The equipment included in the product portfolio designed for depaneling,
odd-form assembly, testing and laser materials processing substantially
improves the efficiency of customers' production. Cencorp has selected clean
technology as its other business segment, especially photovoltaic solutions.
Cencorp manufactures and sells photovoltaic modules, based on Cencorp´s own
technology, key components of photovoltaic modules as well as their
manufacturing technology. The product range also includes EMI shielding
solutions, RFID antennas, other flexible circuits including for example
conductive back sheets used in photovoltaic modules and mobile phone antennas.
Cencorp's head office is located in Mikkeli, Finland. The company is part of
the Finnish Savcor Group.