Business Services Industry

Aspocomp Group Oyj to cut 120 jobs at its unit in Salo

Nordic Business Report, August 10, 2005

NORDIC BUSINESS REPORT-10 August 2005-Aspocomp Group Oyj to cut 120 jobs at its unit in Salo(C)1994-2005 M2 COMMUNICATIONS LTD http://www.m2.com

Finnish high-tech component manufacturer Aspocomp Group Oyj said on Wednesday (10 August) that it would start personnel negotiations at its unit in Salo, Finland.

The negotiations concern the entire Salo unit except for the group finance functions located there. The estimated personnel reduction requirement is a maximum of 120 from the total of 540 employees.

The central objective of the negotiations is to improve the efficiency of the unit's operations, the company said.

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