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Componenta Oyj — Regulatory Filings 2010
Jul 16, 2010
3307_rns_2010-07-16_b48da523-1fb9-4aae-9a7f-3462ab00f8a0.pdf
Regulatory Filings
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COMPONENTA
STOCK EXCHANGE RELEASE
16.7.2010 at 9.31
Adaptation measures at Componenta have mainly ended
The demand outlook in all of Componenta's customer sectors improved during the second quarter of 2010 and the Group's order book at the end of June 2010 was 62% higher than at the corresponding time in the previous year. The adaptation measures taken in production that began towards the end of 2008 have mainly ended as the order book has grown. The voluntary arrangement for a 20% reduction in salary agreed with some 400 key personnel has also ended.
The adaptation measures taken by the Group affected altogether 1,600 people in all the countries where Componenta has operations, namely in Finland, Turkey, the Netherlands and Sweden. The Group utilized all available forms of flexible working with personnel and only made permanent reductions when it had fully utilized all other adaptation measures. The goal was to protect jobs and safeguard the company's competitive standing. This also ensured stable deliveries for customers.
The adaptation measures were carried out in constructive cooperation with personnel which demonstrated the strong commitment of personnel to the company. At the same time they have also made it possible to raise production volumes quickly in response to the growing needs of the market.
Helsinki, 16 July 2010
COMPONENTA CORPORATION
Heikki Lehtonen
President and CEO
Further information:
Heikki Lehtonen
President and CEO
tel. +358 10 403 00
Componenta is a metal sector company with international operations and production plants located in Finland, Turkey, the Netherlands and Sweden. The net sales of Componenta were EUR 300 million in 2009. The Group employs approx. 4,300 people (end June 2010). Componenta's shares are quoted on the NASDAQ OMX Helsinki. Componenta specializes in supplying cast and machined components and total solutions made of them to its global customers who are manufacturers of vehicles, machines and equipment.
Componenta Corporation
Panuntie 4
FI-00610 Helsinki, Finland
Tel. +358 10 403 00
Fax +358 10 403 2721
www.componenta.com
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