Nurminen Logistics Plc Stock exchange release 22 October 2014 at 9:00 a.m.
Nurminen Logistics announced on 25 September 2014 its plans to implement cost savings by temporarily laying off all of its Finnish personnel for a maximum of 30 days during the last quarter of 2014 and in 2015.
The negotiations have been concluded, and the company has decided to temporarily lay off all of its Finnish personnel for two weeks during the last quarter of 2014 and the first half of 2015. The company estimates that this will achieve cost savings of approximately EUR 0.5 million. In addition, the company has the opportunity to temporarily lay off the Finnish personnel for another two weeks during 2015 so that the duration of the temporary lay-offs will be a maximum of 30 calendar days.
The Management Team of Nurminen Logistics has decided to take part in the savings programme and will give up two weeks’ salary during the last quarter of 2014. Correspondingly, the Board of Directors of Nurminen Logistics will give up 20% of their remuneration for 2014.
Nurminen Logistics Plc
Olli Pohjanvirta
President and CEO
For more information, please contact: Olli Pohjanvirta, President and CEO, tel. +358 10 545 2431.
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www.nurminenlogistics.com
Nurminen Logistics is a listed company established in 1886 that offers logistics services. The company provides high-quality railway transport, project transport services, special transport and forwarding and cargo handling services to its customers. The main market areas of Nurminen Logistics are Finland, Russia and its neighbouring countries.