2010-08-27 10:10:00 CEST

2010-08-27 10:10:01 CEST


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Nurminen Logistics Oyj - Company Announcement

Nurminen Logistics to adjust its organization and cost structure


Nurminen Logistics Plc   Stock Exchange Release 27 August 2010 at 11.10 am 

Nurminen Logistics to adjust its organization and cost structure 
Nurminen Logistics starts co-determination negotiations in order to adjust its  
organization and cost structure to match market situation. The company's cost   
savings goal is EUR 1.5 million. The adjustment need concerning personnel is    
approximately 25-30 people. The adjustment measures will concern the whole      
personnel. At the moment the company employs 342 people.   
As a part of adjustment measures a new Executive Board will be formed. Members  
of the new Executive Board are President and CEO Lasse Paitsola, Senior Vice    
President Jorma Kervinen, CFO Antti Sallilla, Senior Vice President Harri       
Vainikka and Senior Vice President Hannu Vuorinen. As a secretary of the        
Executive Board acts Group Controller Ville Kujansuu. The new Executive Board   
will start its work on 1 September 2010. Nurminen Cargo and Nurminen Heavy      
business units and their Executive Boards will be dissolved.     
Of the above mentioned EUR 1.5 million savings goal 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 will  
cause a total of EUR 0.2 million non-recurring costs 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 Eastern European countries. The         
company's share is listed on NASDAQ OMX Helsinki.