2014-02-11 13:00:00 CET

2014-02-11 13:00:04 CET


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Nurminen Logistics Oyj - Company Announcement

Nurminen Logistics Plc’s co-determination negotiations concluded


The company will centralise its railway terminal operations to Luumäki

Nurminen Logistics Plc     Stock exchange release 11 February 2014 at 2:00 p.m.

In order to adapt to changes in the market situation, Nurminen Logistics
announced on 20 January 2014 its plans to reduce its terminal capacity and
transfer terminal operations from the Niirala terminal to the Luumäki terminal.
Due to the personnel impact of the planned changes, Nurminen Logistics launched
co-determination negotiations concerning the terminal and forwarding personnel
of the Niirala location. 

The co-determination negotiations have now been concluded, and the company has
decided to shut down the Niirala terminal and centralise its railway terminal
operations to Luumäki. Project deliveries through the Niirala project field
will be continued. As a result of the negotiations, Nurminen Logistics will
permanently lay off a maximum of nine people in Niirala. The lay-offs will be
carried out without delay. The company will support those being laid off to
find new employment. According to preliminary estimates, Nurminen Logistics
will record approximately EUR 0.2 million of expenses related to the
arrangement to the first quarter of 2014. The arrangement will save EUR 0.4
million annually from 2015 onwards. 

By centralising its railway terminal operations to the Luumäki terminal,
Nurminen Logistics will adapt its operations to the market change taking place
in Finland, in which railway wagons are more often loaded directly at the
factory, and geographical routes change. The company's strategy is to
strengthen its position in domestic railway transport in Russia and nearby
countries, railway transport between Finland and Russia, as well as in special
and project transport. These changes will not affect this strategy. 

Nurminen Logistics Plc

Olli Pohjanvirta
President and CEO

For more information, please contact: Olli Pohjanvirta, President and CEO, tel.
+358 10 545 2431. 

DISTRIBUTION
NASDAQ OMX Helsinki
Major Media
www.nurminenlogistics.com

Nurminen Logistics provides high-quality logistics services, such as railway
transport, terminal services, forwarding, special and heavy transport and
value-added services. The company has accumulated logistics know-how in 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.