ASPO Plc STOCK EXCHANGE BULLETIN October 24, 2006 at 2:00 p.m.
Aspo Systems Division has completed the statutory negotiations, as required under the Act on Co-Operation Within Undertakings, conducted as part of the action plan launched in August. In order to streamline the Autotank Group, certain operations will be discontinued and others will be merged. The action plan will eliminate some 20 man-years from the Autotank Group's Nordic organizations.
These measures are expected to produce annual cost savings of EUR 1.5 million starting in 2007. The EUR 0.7 million non-recurring expenses have been recorded for the third quarter.
The Systems Division comprises Autotank Ltd and its subsidiaries. Autotank is the leading Nordic provider of maintenance services and automation systems for service stations. Autotank has subsidiaries in Sweden, Norway, Estonia, Latvia, Lithuania and Poland and a joint venture in Russia.
Aspo Plc
Gustav Nyberg
CEO
For more information, contact:
Gustav Nyberg, tel. +358 9 7595 256, +358 40 503 6420
Distribution:
Helsinki Stock Exchange
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