OULU, FINLAND – Aspocomp will temporarily lay off 26 workers at its Oulu plant over the next three months in response to low delivery volumes.

The decision follows change negotiations with employees. The PCB manufacturer's plan is to lay off 20-30 production workers at the facility for up to 90 days over the next six months.

Aspocomp said lower-than-expected recovery of the semiconductor cycle and high inventory levels in various parts of the value chain has slowed down net sales, but a temporary slowdown in the semiconductor cycle is typical for the industry and long-term growth prospects are still strong. The cycle is expected to return to growth at the end of the year or the beginning of 2024, the company said.

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