Incap Oyj: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Incap Oyj to Start Co-operative Negotiations at Vaasa Factory
Incap Oyj announced that it started on January 2, 2013 invited all the personnel at its factory in Vaasa to co-operative negotiations. The actual negotiations will start on January 8, 2013 and they will deal with actions which may result in eventual temporary lay-offs of personnel for a maximum of 90 days. Decision on negotiations was made because in order to ensure the profitability, the Company needs to adjust the operations of the factory to meet with the order base for the beginning of the year 2013 and the demand estimates given by the customer. Incap manufactures at the Vaasa factory rotor components and a variety of sheet-metal products, among others, and their demand is estimated to decrease in the beginning of this year from the level at the end of 2012. Incap currently employs 72 persons at its Vaasa factory, from whom 10 are salaried employees and 62 operative workers. Last time Incap ran co-operative negotiations in January 2012 with the personnel of the Group services and the Helsinki factory.
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