Inside information: Aspocomp’s change negotiations at its Oulu plant have ended
August 30 2023 - 1:45AM
Inside information: Aspocomp’s change negotiations at its Oulu
plant have ended
Aspocomp Group Plc, Inside Information, August 30, 2023, at 8:45
a.m.
Aspocomp’s change negotiations at its Oulu plant have ended. The
goal of the negotiations was to prepare for a partial adjustment of
production to correspond to temporarily low delivery volumes. As a
result of the change negotiations, the company’s plan is to lay off
20-30 production blue-collar employees at a time for a maximum of
90 days during the next six months. For the first three months, 26
people will be temporarily laid off. At the start of the
negotiations, the company estimated that the adaptation measures
would lead to layoffs for a maximum of 90 days, and most of the
Oulu plant’s approximately 120 production blue-collar employees
were covered by the negotiations. Slower-than-expected recovery of
the semiconductor cycle and high inventory levels in various parts
of the value chain has slowed down net sales. A temporary slowdown
in the semiconductor cycle is typical for the industry. The
industry's long-term growth prospects are still strong. The cycle
of the semiconductor industry is expected to return to growth at
the end of the year or the beginning of 2024. For further
information, please contact Mikko Montonen, President and CEO, tel.
+358 40 5011 262, mikko.montonen(at)aspocomp.com. ASPOCOMP GROUP
PLC Mikko Montonen President and CEO Aspocomp – heart of your
technology A printed circuit board (PCB) is used for electrical
interconnection and as a component assembly platform in electronic
devices. Aspocomp provides PCB technology design, testing and
logistics services over the entire lifecycle of a product. The
company’s own production and extensive international partner
network guarantee cost-effectiveness and reliable deliveries.
Aspocomp’s customers are companies that design and manufacture
telecommunication systems and equipment, automotive and industrial
electronics, and systems for testing semiconductor components for
security technology. The company has customers around the world and
most of its net sales are generated by exports. Aspocomp is
headquartered in Espoo and its plant is in Oulu, one of Finland’s
major technology hubs. www.aspocomp.com
Aspocomp Group Oyj (LSE:0DG8)
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