Stock Exchange Rele...

Statutory negotiations completed in Cencorp

03/10/2006

Negotiation result has been reached in the statutory negotiations started on August 25, 2006 in Cencorp Corporation. Amount of employees in Finland decreases in all by 21 people. Reductions will be realized mainly by dismissals.

In accordance with the plan, production operations and
administration will be centralized in Virkkala, Finland. Salo site
will concentrate on the product development of testing equipment and manufacturing of customized test fixtures. Production operations in the United States will be discontinued and sales and maintenance operations will be transferred from Colorado to McAllen, Texas. Amount of personnel in the United States decreases by 18 people.

Efficiency improvement measures carried out during year 2006 reach saving targets of EUR 3.5 million in fixed costs. These measures will begin to have a positive impact on results in fourth quarter of year 2006 and  the first half of 2007.


In Virkkala, October 3, 2006


Cencorp Corporation

BOARD OF DIRECTORS

Further information:

Jarmo Kanervo
Executive Vice President
Tel. +358 40 5278802

Cencorp develops and supplies automation solutions to the
electronics and semiconductor industry that enhance productivity.

Distribution:
Helsinki Stock Exchange
Main media
www.cencorp.com