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2010-01-19 13:00:00 CET 2010-01-19 13:00:02 CET REGULATED INFORMATION PKC Group Oyj - Company AnnouncementPKC STARTS CO-DETERMINATION NEGOTIATIONS IN KEMPELEPKC Group Oyj Company Announcement 19 January 2010 2 p.m. PKC STARTS CO-DETERMINATION NEGOTIATIONS IN KEMPELE PKC Group Oyj's subsidiary, PKC Wiring Systems Oy, has today issued a proposal to commence co-determination negotiations. Co-determination negotiations concern all personnel of PKC Wiring Systems Oy, and may lead to termination of employment relationship of a maximum of 45 persons. Planned measures are continuance for the earlier strategic decision to end wiring harnesses production and reduce support functions in Kempele. In addition, after last autumn's organisational and functional change, PKC Wiring Systems Oy's business has consisted of provision of services to other group companies and the demand for these services has decreased. PKC Group Oyj Harri Suutari President & CEO For additional information, contact Harri Suutari, President& CEO, PKC Group Oyj, + 358 400 384 937 Distribution NASDAQ OMX Main media www.pkcgroup.com The PKC Group offers design and contract manufacturing services for wiring harnesses, cabling and electronics. The Group has production facilities in Finland, Brazil, China, Mexico, Poland, Estonia and Russia. The Group's net sales in 2008 totalled EUR 311.7 million. PKC Group Oyj is listed on NASDAQ OMX Helsinki Ltd. |
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