Nurminen Logistics Plc Stock Exchange Release 21 October 2010 at 11.40 am
Nurminen Logistics Plc's co-determination negotiations concluded
Nurminen Logistics Plc has concluded the co-determination negotiations that were
initiated on 6 September 2010. The negotiations concerned the whole company. The
goal of the negotiations was to adjust the company's organization and cost
structure to match the market situation.
The effects on personnel agreed in the negotiations concern 26 persons, of which
12 will be made redundant. At the moment the company employs 350 people.
As a result of the adjustment measures the company expects EUR 1.2 million of
savings to be realized during 2011. As from year 2012 the savings are expected
to be EUR 1.5 million annually. It is expected that the savings measures will
cause a total of EUR 0.2 million non-recurring costs to be incurred during 2010
and 2011.
NURMINEN LOGISTICS PLC
Lasse Paitsola
President and CEO
Further information:
Mr Lasse Paitsola, President and CEO
Tel. +358 10 545 2431
DISTRIBUTION
NASDAQ OMX Helsinki
Major Media
www.nurminenlogistics.com
Nurminen Logistics Plc
Nurminen Logistics provides high-quality logistics services, such as railway
transports, terminal services, forwarding and special and heavy transports. The
company has collected logistics know-how from three centuries, starting in
1886. Nurminen Logistics' main market areas are Finland, the Baltic Sea region,
Russia and other CIS countries. The company's share is listed on NASDAQ OMX
Helsinki.