Nurminen Logistics Oyj - Company Announcement

Nurminen Logistics Plc’s co-determination negotiations have been concluded

The company is seeking cost savings in a difficult market situation by
temporarily laying off the entire personnel in Finland for at least two weeks 

Nurminen Logistics Plc                           Stock exchange release 22
October 2014 at 9:00 a.m. 

Nurminen Logistics announced on 25 September 2014 its plans to implement cost
savings by temporarily laying off all of its Finnish personnel for a maximum of
30 days during the last quarter of 2014 and in 2015. 

The negotiations have been concluded, and the company has decided to
temporarily lay off all of its Finnish personnel for two weeks during the last
quarter of 2014 and the first half of 2015. The company estimates that this
will achieve cost savings of approximately EUR 0.5 million. In addition, the
company has the opportunity to temporarily lay off the Finnish personnel for
another two weeks during 2015 so that the duration of the temporary lay-offs
will be a maximum of 30 calendar days. 

The Management Team of Nurminen Logistics has decided to take part in the
savings programme and will give up two weeks' salary during the last quarter of
2014. Correspondingly, the Board of Directors of Nurminen Logistics will give
up 20% of their remuneration for 2014. 


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 Helsinki
Major media
www.nurminenlogistics.com

Nurminen Logistics is a listed company established in 1886 that offers
logistics services.  The company provides high-quality railway transport,
project transport services, special transport and forwarding and cargo handling
services to its customers. The main market areas of Nurminen Logistics are
Finland, Russia and its neighbouring countries.