Epec Oy to begin employee co-operation negotiation

Ponsse Plc's subsidiary Epec Oy is to begin employee co-operation negotiations.

The negotiations will concern an adjustment of Epec Oy's operations to the market situation and improving efficiency in order to ensure the company's competitiveness and profitability. The aim of the negotiations is to achieve a minimum of EUR 1.5 million in savings through possible redundancies, changes to part-time employment and changes in work duties.

The co-operation negotiations concern all of Epec Oy's Finland’s personnel groups and functions, 119 people in total. The negotiations will start on 13 March 2017.

The negotiations will not have any impact on Ponsse Plc's personnel.

”Our costs have increased too much in proportion to our net sales, and without a change we will not be able to keep our operations profitable. Cyclical fluctuations are common in the sector and we have to be able to secure our operations in all situations so that we can easily react to our customers' needs,” says Teemu Raitis, Managing Director of Epec Oy.

Based in Seinäjoki, Epec Oy designs and manufactures embedded control systems for mobile work machines. The company delivers control systems for agricultural, rock processing, forestry, mining and waste handling machines, among others. The company was established in 1978 and transferred to Ponsse's ownership in 2004.

Seinäjoki, 8 March 2017

EPEC OY

Teemu Raitis

FURTHER INFORMATION:

Teemu Raitis, Managing Director, Epec Oy, tel. +358 400 352 334
Juho Nummela, CEO, Ponsse Plc, tel. +358 400 495 690

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