Incap is intensifying its corporate services by means of reorganisation
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For best results when printing this announcement, please click on the link below: http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130305:nHUGcYqK Incap Corporation Stock Exchange Release 5 March 2013 at 6 p.m. INCAP IS INTENSIFYING ITS CORPORATE SERVICES BY MEANS OF REORGANISATION Incap Corporation is enhancing its operations and carrying out a reorganisation in its corporate services. The company has today concluded the co-operative negotiations, which were launched on 18 January with the personnel working at corporate services in Finland. The negotiations referred to actions leading to increased efficiency of operations and to improved cost structure. A total of 20 persons were included in the negotiations, most of them working in Helsinki. As a result of the negotiations, the corporate services are reorganised so that a part of the tasks will be transferred to the company's offices in Tallinn and Bangalore, the jobs of persons working in Helsinki will be combined and some tasks will be centralised to Incap's units in Kuressaare and Vaasa. The company trusts that this way it is possible to enhance the operations in supporting functions like finance and administration, sourcing and IT. The reorganisation affects the work of ten employees. The contracts of five persons will be terminated and the situation of further five employees will be evaluated later on. In addition to the corporate office, Incap is running in Finland a plant in Vaasa, where the company employs 72 persons in the production of rotor component and mechanical parts. INCAP CORPORATION Sami Mykkänen President and CEO For additional information, please contact: Sami Mykkänen, President and CEO, tel. +358 40 559 9047 or +372 5553 7905 Kirsti Parvi, CFO, tel. +358 50 517 4569 Hannele Pöllä, Director, Communications and Investor Relations, tel. +358 40 504 8296 DISTRIBUTION NASDAQ OMX Helsinki Ltd Principal media www.incap.fi INCAP IN BRIEF Incap Corporation is an internationally operating contract manufacturer whose comprehensive services cover the entire life-cycle of electromechanical products from design and manufacture to repair and maintenance services. Incap's customers include leading equipment suppliers in energy efficiency and well-being technologies, for which the company produces competitiveness as a strategic partner. Incap has operations in Finland, Estonia, India and China. The Group's revenue in 2012 amounted to approximately EUR 64.1 million, and the company currently employs approximately 610 people. Incap's share is listed on the NASDAQ OMX Helsinki Ltd. Additional information: www.incap.fi. ---------------------------------------------------------------------------------------------------- This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Incap Oyj via Thomson Reuters ONE HUG#1683070