Plc Uutechnic Group Oyj - Other information disclosed according to the rules of the Exchange

AP-TELA OY, A SUBSIDIARY OF UUTECHNIC GROUP, CONCLUDES CO-DETERMINATION NEGOTIATIONS

Helsinki, Finland, 2017-01-19 13:30 CET (GLOBE NEWSWIRE) -- PLC UUTECHNIC GROUP
OYJ STOCK EXCHANGE RELEASE, JANUARY 19th, 2017 at 14:30 

AP-TELA OY, A SUBSIDIARY OF UUTECHNIC GROUP, CONCLUDES CO-DETERMINATION
NEGOTIATIONS 

AP-Tela Oy, a subsidiary of Uutechnic Group, concluded the co-determination
negotiations according to co-operation act of Finland. The negotiations were
based on the restructuring of operations and on the financial and productive
reasons of the company. Negotiations concerned entire personnel. It was decided
that the number of personnel will be adjusted in accordance with the company's
financial situation and order backlog. Terminations of employment contracts
will concern 3 persons and temporarily lay-offs will last less than 90 days.
AP-Tela Oy has 44 employees. 

In Uusikaupunki January 19, 2017



PLC UUTECHNIC GROUP OYJ

Board of Directors





Uutechnic Group is focused on improving the competitiveness of its customers by
providing them advanced equipment technology and unique service concept
worldwide. The product range includes agitators, different types of pressure
vessels, process- and storage tanks, reactors and heat exchangers. Additionally
different types of long welded and machined axially symmetrical parts as rolls,
cylinders, tubes and cones. 

The main industries are hydrometallurgy, mining-, pulp and paper-, food-,
fertilizer-, other chemical industries and environmental technology. 

Plc Uutechnic Group’s subsidiaries are AP-Tela Oy, Japrotek Oy Ab, Uutechnic Oy
and Stelzer Rührtechnik International GmbH. 


         Further information:
         Martti Heikkilä, CEO, Plc Uutechnic Group Oyj  +358 40 543 1324