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2013-06-25 13:00:00 CEST 2013-06-25 13:00:01 CEST REGULATED INFORMATION Nurminen Logistics Oyj - Company AnnouncementNurminen Logistics Plc’s co-determination negotiations concludedNurminen Logistics Plc Stock exchange release 25 June 2013 at 2 p.m. Nurminen Logistics Group announced on 12 June 2013 that it would commence co-determination negotiations concerning all of its terminal and forwarding personnel in Nurminen Logistics Services Oy's Railway Logistics business unit. The reasons for starting co-determination negotiations were to adjust costs and operations to match the prevailing market and competitive conditions. The negotiations were concluded and as a result, the terminal and forwarding personnel of the Railway Logistics business unit will be laid off for a maximum of 90 days until the second quarter of 2014. In addition, the employer is looking into other options for the reorganisation of work, which may lead to the dismissal of a maximum of 10 persons. The adjustment requirement agreed upon in the negotiations concerns the previously reported number of 67 persons. The cost savings associated with the adjustments implemented as a result of the co-determination negotiations are estimated at approximately EUR 200,000 in 2013. Nurminen Logistics Plc Topi Saarenhovi President and CEO For more information, please contact: Topi Saarenhovi, 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 gathered 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. |
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