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Electronics Production | October 03, 2011

PKC Electronics to lay off 77

PKC Group Oyj’s subsidiary, PKC Electronics Oy, has today finalised the co-determination negotiations in Finland.

Negotiations were conducted on the basis of employer’s initiative made on 17 August 2011, according to which the estimated need for personnel cuts totalled 80. As a result of the negotiations the need for personnel cuts was specified to 77 persons. Rationalisation measures lead to approximately EUR 1.1 million in non-recurring expenses for the last quarter on this year. This has no effect on the previously published outlook for the future.
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