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2013-01-31 13:00:00 CET 2013-01-31 13:00:05 CET REGULATED INFORMATION Nurminen Logistics Oyj - Company AnnouncementNurminen Logistics starts co-determination negotiations for its Finnish operationsNurminen Logistics Plc Stock exchange release 31 January 2013 at 2 pm Nurminen Logistics Group is to commence co-determination negotiations pertaining to all personnel in Finland. The company is planning structural changes to improve its competitiveness and boost the efficiency of its Finnish operations. The reasons for the planned changes include structural changes in demand and flows of goods in Finland and the insufficient profitability of the Group's Finnish operations. The negotiations concern all of the company's personnel in Finland, 270 employees in total. The adjustment requirement is estimated to be no more than 28 man-years. The aim of the changes is to achieve some EUR 800,000 in annual cost savings at the Group level. The planned measures would involve a one-time cost of no more than EUR 400,000, which would be recorded in the second quarter of 2013. The planned changes in production structure will not affect the company's strategy of strengthening its position in domestic railway transport in Russia and nearby countries as well as railway transport between Finland and Russia. 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 transports, terminal services, forwarding, special and heavy transport and value added services. The company has collected 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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