Martela Oyj - Company Announcement

MARTELA’S CO-OPERATION NEGOTIATIONS CONCLUDED

MARTELA CORPORATION     Stock exchange release      13 February 2014 at 10.00
a.m. 


MARTELA'S CO-OPERATION NEGOTIATIONS CONCLUDED

Martela has concluded a co-operation negotiations concerning blue collar
employees in Martela's Finnish production units located in Nummela and
Riihimäki. 

In the negotiations it has been agreed about the rearrangements concerning 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 published in August
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 1.5 million out of the total savings. 

As a result of the negotiations it has been decided to dismiss eight
blue-collar workers. In addition it has been decided about temporary lay-offs
which are maximum 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:

2013_0213_release.pdf