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2008-12-08 13:03:47 CET 2008-12-08 13:04:48 CET REGULATED INFORMATION Vaahto Group Plc Oyj - Company AnnouncementVAAHTO LTD, A SUBSIDIARY OF VAAHTO GROUP, STARTS CO-DETERMINATION NEGOTIATIONSVAAHTO GROUP PLC OYJ STOCK EXCHANGE BULLETIN 8.12.2008 at 14.00 VAAHTO LTD, A SUBSIDIARY OF VAAHTO GROUP, STARTS CO-DETERMINATION NEGOTIATIONS Vaahto Ltd, a subsidiary of Vaahto Group, starts today co-determination negotiations on adjusting the company's operations to the weakened market and demand situation. Negotiations concern temporary lay-offs of entire personnel and also eventual terminations of employment contracts. Vaahto Ltd has total about 140 salaried and blue-collar employees in Hollola and in Tampere. Lahti December 8, 2008 VAAHTO GROUP PLC OYJ Antti Vaahto President (CEO) Information: Antti Vaahto CEO, Vaahto Group Plc Oyj tel. +358 40 8232835 Vaahto Group is a globally operating high technology company serving process industry in the fields of pulp and paper machinery and process machinery. |
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