MARTELA CORPORATION STOCK EXCHANGE RELEASE 25.4.2014 at 11.30 am
MARTELA INCREASES EFFICIENCY OF ITS SUPPLY CHAIN
Codetermination negotiations were commenced today at Martela’s Swedish unit with the aim of further increasing the efficiency of the Group’s supply chain. Increased efficiency will be sought by redistributing the production of selected products between Swedish and Finnish production units. The aim is to create a clear role for each Martela production unit in order to ensure a more flexible and efficient service for customers. The negotiations may lead to a maximum of 23 redundancies.
The planned measures are part of a EUR 6.0 million savings programme announced by Martela in the autumn of 2013, and they are estimated to have an annual effect of about EUR 1.0 million.
Chief Executive Officer
For more information, please contact
Heikki Martela, Chief Executive Officer, tel. +358 50 502 4711
Markku Pirskanen, Chief Financial Officer, tel. +358 40 517 4606
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