Nurminen Logistics Plc Stock exchange release 12 June 2013 at 1.00 pm
Nurminen Logistics Group is to commence co-determination negotiations pertaining to terminal and forwarding personnel in Nurminen Logistics Services Oy’s Railway Logistics business unit. The reason for starting co-determination negotiations is to adjust costs and operations to match the prevailing market and competitive conditions. The negotiations concern a total of 67 employees. The company’s preliminary view is that the adjustments will consist of permanent layoffs and temporary layoffs of no more than 90 days. The aim of the adjustments is to achieve approximately EUR 200,000 in cost savings in 2013.
The changed market conditions do not alter the company’s previously stated outlook for 2013. The planned adjustments do not affect the Group’s plans for strengthening its position in domestic railway transport in Russia and nearby countries as well as railway transport between Finland and Russia.
Nurminen Logistics Plc
Topi Saarenhovi
President and CEO
For more information, please contact: Topi Saarenhovi, President and CEO, tel. +358 10 545 2431.
DISTRIBUTION
NASDAQ OMX Helsinki
Major media
Nurminen Logistics provides high-quality logistics services, such as railway transport, terminal services, forwarding, special and heavy transport and value-added services. The company has gathered logistics know-how from three centuries, starting in 1886. Nurminen Logistics’ main market areas are Finland, the Baltic Sea region, Russia and other Eastern European countries. The company’s share is listed on NASDAQ OMX Helsinki.