Plc Uutechnic Group Oyj - Company Announcement

JAPROTEK OY AB, A SUBSIDIARY OF UUTECHNIC GROUP, CONCLUDES CO-DETERMINATION NEGOTIATIONS

Helsinki, Finland, 2016-02-17 15:15 CET (GLOBE NEWSWIRE) -- PLC UUTECHNIC GROUP
OYJ STOCK EXCHANGE RELEASE, FEBRUARY 17, 2016 at 16:15 

JAPROTEK OY AB, A SUBSIDIARY OF UUTECHNIC GROUP, CONCLUDES CO-DETERMINATION
NEGOTIATIONS 

Japrotek Oy Ab, 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 backlog. Terminations of employment contracts will
concern 5 persons and temporarily lay-offs will last less than 90 days. 

In Uusikaupunki February 17, 2016



PLC UUTECHNIC GROUP OYJ

Board of Directors






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