Aspocomp Group Plc starts change negotiations on possible temporary layoffs and redundancies in Finland. On January 4, 2024, Aspocomp has issued a negotiation proposal in accordance with the Act on Cooperation to start change negotiations for production-related and financial reasons. The company?s entire personnel in Finland, approximately 150 people, are covered by the negotiations.

According to a preliminary estimate, change negotiations could result to temporary layoffs and, in addition, to the termination of a maximum 5 positions. Change negotiations will be initiated to improve the company's profitability and competitiveness and to secure future operational capacity in a weakened market situation. The company adapts its cost structure and number of personnel to reflect the current market and demand situation.

The negotiations will start on January 11, 2024, and last six weeks following the Act of Cooperation.