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BRIEF-Aspocomp: Teuva plant to close, 34 persons will be made redudant
November 20, 2014 / 1:42 PM / 3 years ago

BRIEF-Aspocomp: Teuva plant to close, 34 persons will be made redudant

Nov 20 (Reuters) - Aspocomp Group Plc :

* Total of 34 personnel, consisting of 28 non-salaried and 6 salaried employees, will be made redundant and production at Teuva plant will be closed down

* Expects combining production and development in Finland will yield annual savings of about 0.9 million euros

* Closing of Teuva plant will generate a one-time cost of about 1.5 million euros to be recognized in Q4 2014

* Expects that closing of Teuva plant will not affect company’s net sales or its development in coming years Source text for Eikon: Further company coverage: (gdynia.newsroom@thomsonreuters.com; +48 58 698 3920)

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