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2009-03-27 14:30:00 CET 2009-03-27 14:30:03 CET REGULATED INFORMATION Efore - Company AnnouncementSTATUTORY JOINT NEGOTIATIONS IN FINLAND CONCLUDED AT EFOREEFORE PLC Stock Exchange Release March 27, 2009 at 3.30 p.m. Efore's statutory joint negotiations with employees started in February have been concluded today. The negotiations concerned all the operations in Finland. As a result of the negotiations, a total of 23 employments will be terminated in Saarijärvi and in Espoo and two temporary employment contracts will not be continued. Saarijärvi unit will be closed down by September 27, 2009 and Saarijärvi operations will be transferred to the company's other units. The purpose of these negotiations is to streamline the company's operations and costs to meet the structural change of the market. EFORE PLC Reijo Mäihäniemi President and CEO For further information please contact Mr. Reijo Mäihäniemi, President and CEO, tel. +358 9 4784 6312 DISTRIBUTION Nasdaq OMX Helsinki Oy Principal media Efore Group is an international company providing services for ICT, industrial automation and health care industries. Its operations comprise energy saving custom-designed power supplies, power systems, manufacturing of demanding electronics, and related service and maintenance. Efore's head office is in Espoo, Finland. Besides Finland, the company's product development and marketing units are located in China, the USA and Sweden. Its production units are located in China, Estonia and the USA. In the fiscal year ending in October 2008, consolidated net sales totaled EUR 78,3 million and the Group's personnel averaged 637. The company's share is quoted on the Nasdaq OMX Helsinki Ltd. www.efore.com |
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