The Board of Cencorp Corporation has decided to start statutory negotiations in Finnish companies of the group. Reason for negotiations is a need to adjust operations to correspond exceptionally fast weakened demand situation. Target of the negotiations is lay-offs based on financial and production related grounds. The negotiations start on December 23, 2008 and they concern personnel as a whole.

If the demand remains on low level Cencorp Corporation needs additional financing  in the beginning of year 2009.

In Lohja, December 16, 2008

Cencorp Corporation

BOARD OF DIRECTORS

Further information:

Jarmo Kanervo

Acting CEO

Tel. +358 40 5278802 

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

Distribution:

Helsinki Stock Exchanges

Main media

www.cencorp.com

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