Martela Oyj - Company Announcement

MARTELA INITIATES CO-OPERATION NEGOTIATIONS TO IMPROVE SUPPLY CHAIN EFFICIENCY

MARTELA CORPORATION     Stock exchange release    9 January 2014 at 10.00 a.m.


MARTELA INITIATES CO-OPERATION NEGOTIATIONS TO IMPROVE SUPPLY CHAIN EFFICIENCY

Martela has today convened a meeting for statutory co-operation negotiations
concerning Martela Corporation. 

The negotiations has been convened because the company has a need to improve
the operation efficiency by rearranging its production and to adjust the cost
level better match against the anticipated demand during 2014. The
rearrangements mean in practice the production transfers between different
Martela production units located in Nummela (Finland), Riihimäki (Finland) and
Warsaw (Poland). 

The production rearrangements are part of the Group's savings program. 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 planned actions announced today represents the share of approximately
EUR 1.5 million out of the total savings. 

The negotiations concern blue collar employees in Martela's Finnish production
units located in Nummela and Riihimäki. The company has in these units today
totally 120 blue collar employees. Negotiations may lead to the maximum
reduction of 9 persons and temporary lay-offs of personnel for a maximum of 90
days. 


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:

2014_0109_release.pdf