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PCB | February 03, 2009

Aspocomp to pay former French employees €510 000

The French court ordered Aspocomp to pay compensation to former employees of Aspocomp s.a.s.
The Labour Court of Evreux ruled that Aspocomp Group has to pay to thirteen former employees of its French Subsidiary, Aspocomp approximately EUR 510 000 including the interest. Aspocomp Group has not yet been formally notified of the decision.

The decision of the French Court relates to the claims raised by twenty-one former Aspocomp S.A.S employees.

Two of the twentyone employees accepted Aspocomp's settlement offer. The French Court did not proceed with the remaining six claims.

The payment to be made by Aspocomp shall not have an effect on the financial results, because Aspocomp has made a reservation in its 2007 financial statements. Aspocomp will appeal the decision to the next instance in France.
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