Brief: Aspocomp Starts Change Negotiations At Its Oulu Plant

Aspocomp Oyj

15/08/2023 06:55

Aug 15 (Reuters) - Aspocomp Group Oyj  ACG1V.HE :
    * INSIDE INFORMATION: ASPOCOMP STARTS CHANGE NEGOTIATIONS ON
POSSIBLE TEMPORARY LAYOFFS AT ITS OULU PLANT
    * OULU PLANT'S ABOUT 120 PRODUCTION BLUE-COLLAR EMPLOYEES
ARE
COVERED BY NEGOTIATIONS
    * CHANGE NEGOTIATIONS TO LAST TWO WEEKS, POSSIBLE TEMPORARY
LAYOFFS WOULD LAST MAXIMUM OF 90 DAYS
    * PREPARES FOR POSSIBLE PARTIAL ADJUSTMENT OF PRODUCTION TO
CORRESPOND TO TEMPORARILY LOW DELIVERY VOLUMES
    * SLOWER-THAN-EXPECTED RECOVERY OF SEMICONDUCTOR CYCLE, HIGH
INVENTORY LEVELS SLOWED DOWN NET SALES
    * LONG-TERM GROWTH PROSPECTS ARE STILL STRONG
    * CYCLE OF SEMICONDUCTOR INDUSTRY IS EXPECTED TO RETURN TO
GROWTH
AT END OF YEAR OR BEGINNING OF 2024

Source text for Eikon:  ID:nGNE1hpGDx 
Further company coverage:  ACG1V.HE 

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