Cicor looks at relocating its Unterägeri production facility in a bid to streamline the PCB division's operational arrangements

Cicor Group is considering consolidating its production sites in Switzerland. The move would affect the company's Unterägeri facility, which would be merged with that of Boudry. The restructuring costs would impact the Cicor Group's overall results in 2011.

Cicor says the intensity of the competition and the negative impact of the Swiss franc on its exports is forcing it to institute a rigorous regime of cost management. It is aiming to improve its international competitiveness. Against a background of enduring difficulties in the semiconductor market situation and a slump in the demand for highly complex printed circuit boards (PCBs) in niche segments, the Cicor Group's Board of Directors and management are looking at streamlining
the operational arrangements of its PCB division. The management is considering concentrating its production in Europe on its sites in Boudry and Moudon, both in Switzerland. The merger of the sites would allow the PCB division to optimise its organisation and increase its operational efficiency. The restructuring costs involved would exert a negative impact on the Cicor Group's overall results in 2011.

The plan would involve shifting production away from the company's Unterägeri facility (Photochemie AG) to Boudry. The closure of the facility would mean the loss of 43 jobs. A numbermof the employees affected would be able to take early retirement, while ten staff would be offered jobs in Boudry. The plans are being revealed to the Unterägeri workforce today. At the same time, the management is launching a process of consultation in line with its statutory obligations. The
process allows for worker representatives to put forward proposals for avoiding job losses or minimising the number of redundancies and mitigating the consequences for those affected.

Contact:
Antoine Kohler
Chairman of the Board of Directors
Tel. +41 43 811 44 05 
E-mail: media@cicor.com

Dr. Roland Küpfer
CEO
Tel. +41 43 811 44 05
Email: media@cicor.com

Cicor Management AG
Leutschenbachstrasse 95
8050 Zurich Switzerland