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SAF Tehnika

Board/Management Information • Sep 28, 2009

2241_rns_2009-09-28_3ac947cc-53bd-4757-b443-441eae0851ab.html

Board/Management Information

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JSC „SAF Tehnika” reduces salary fund

Taking into account the financial results of JSC “SAF Tehnika” in first two months of financial year 2009/2010 - because of the sharp decline of the turnover - the Board of Directors of JSC “SAF Tehnika” decided to decrease the salary fund evaluating the load of employees in all departments of the enterprise according to present and prospective production and sale amounts, as well as to revise and optimize present business operations. On 28th September 2009 at the general meeting of employees they were informed of the grounds and proposals for the decrease of the salary fund. It is planned to execute the changes in workloads and salary as of 1st November 2009.

JSC “SAF Tehnika” will publish Q1 results (July - September) of financial year 2009/2010 on 4th November 2009.

Aira Loite

CFO

+371 67 046 833

[email protected]