Oct 19, 2012. /Lesprom Network/. Neo Industrial's subsidiary Reka Cables has concluded the co-determination negotiations concerning the entire personnel, as the company said in the press release received by Lesprom Network. The purpose of the co-determination negotiations was to secure company's competitiveness considering weak demand on the main market (Scandinavia and Baltic countries) and the uncertain market outlook for the beginning of 2013. The adjustments will be accomplished by using temporary lay-offs, carried out by shutting down the factories for 1 - 2 weeks (Hyvinkää, Riihimäki, Keuruu) and applying 4-days working weeks. With these arrangements the company is able to avoid dismissals during 2012. The need for adjustments is expected to end during 1Q 2013. Reka Cables' result for the latter half of 2012 is expected to be positive, even though the result for 4Q 2012 will probably be negative. Neo Industrial's strategy is to invest mainly in industrial companies with similar synergic benefits. The aim of investments is with active ownership to develop the purchased companies and establish additional value. Returns are sought through both dividend flow and an increase in value. Neo Industrial's class B shares are listed on the NASDAQ OMX Helsinki Stock Exchange. Neo Industrial's business segments are Cable and Viscose Fibres.