Martela Oyj - Company Announcement

MARTELA CORPORATION TO LAY OFF AND REDUCE PERSONNEL

MARTELA CORPORATION     STOCK EXCHANGE RELEASE     November 30,2009 at 2pm 


MARTELA CORPORATION TO LAY OFF AND REDUCE PERSONNEL                             

Martela has concluded the personnel negotiations commenced on 28 October 2009 at
the parent company, Martela Corporation. The personnel negotiations concerned   
the entire personnel of the parent company.                                     

The personnel negotiations ended on 26 November 2009 and, as a result of the    
personnel negotiations, 3 people will be made redundant and 9 people will have  
permanent layoff in the office workers and factory workers personnel groups.    
Temporary layoffs affecting the entire workforce  will also be implemented. The 
layoffs are estimated to correspond to the work input of 18 person work years.  

The lay-offs and redundancies are necessary due to the general economic         
uncertainty.                                                                    

Helsinki, November 30, 2009                                                     


Martela Corporation                                                             
Heikki Martela                                                                  
Managing Director                                                               
+358 (0)10 345 5202                                                             


Distribution                                                                    
NASDAQ OMX Nordic                                                               
Main news media                                                                 
www.martela.com

Attachments:

release 3011.pdf