Martela Oyj - Company Announcement

MARTELA’S CO-OPERATION NEGOTIATIONS IN SWEDEN CONCLUDED

MARTELA CORPORATION       STOCK EXCHANGE RELEASE         18.6.2014 at 11.30 am

MARTELA'S CO-OPERATION NEGOTIATIONS IN SWEDEN CONCLUDED

Martela has concluded co-operation negotiations concerning employees in
Martela's Swedish unit. 

In the negotiations it has been agreed about the production transfers between
Martela's Finnish and Swedish production units. The agreed production transfers
will improve the efficiency of the Group's supply chain. As a result of the
negotiations it has been decided to dismiss 20 employees. 

The production rearrangements are part of the Group's savings program published
in Autumn 2013. The total program is targeting an annual cost saving of
approximately EUR 6 million and the savings will be realized by the full effect
during the year 2015. The agreed actions announced today represents the share
of approximately EUR 1.0 million out of the total savings. 


Martela Corporation
Heikki Martela
Chief Executive Officer



For more information, please contact

Martela Corporation
Heikki Martela, Chief Executive Officer, tel. +358 50 502 4711
Markku Pirskanen, Chief Financial Officer, tel. +358 40 517 4606



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

Attachments:

2014_0618_release.pdf