Martela Oyj - Company Announcement

MARTELA’S CO-OPERATION NEGOTIATIONS CONCLUDED

MARTELA CORPORATION             Stock exchange release      3 October 2013 at
2.00 p.m. 


MARTELA'S CO-OPERATION NEGOTIATIONS CONCLUDED

Martela has concluded a co-operation negotiations concerning all white-collar
workers in Martela Corporation and in Muuttopalvelu Grundell Oy. 

As a result of the negotiations the Group's cost level will decrease with the
amount correspondingly of 35 employees' costs by the end of the year 2014. As a
result it has been decided to dismiss totally 19 persons. In addition the
savings will be realized through normal retirements and other personnel
deductions which will not be replaced but the operations will be re-organized. 

The measures decided in the personnel negotiations were a response to the
Group's need to improve its efficiency and competitiveness. The negotiations
are part of Martela's efficiency program which aims to achieve an annual level
cost savings of EUR 6 million by the end of 2014. In addition to reducing
personnel, the Group is also preparing measures to improve its delivery and
supply chains in order to reduce its costs. 


MARTELA CORPORATION
Heikki Martela
Managing Director


Additional information
Martela Corporation
Heikki Martela, Managing Director, tel +358 50 502 4711
Markku Pirskanen, CFO, tel +358 40 517 4606


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

Attachments:

2013_1003_Release.pdf