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2009-02-25 08:05:00 CET 2009-02-25 08:05:00 CET REGULATED INFORMATION Nurminen Logistics Oyj - Company AnnouncementNurminen Logistics to adjust its operations to the market situationNurminen Logistics Plc Stock Exchange Release 25 Feb 2009 at 9.05 am Nurminen Logistics to adjust its operations to the market situation Nurminen Logistics adjusts its operations to match the economic situation and weakened demand for its services. As a part of adjustment measures the company starts co-determination negotiations concerning reorganizations, temporary lay-offs, redundancies and other possible alternatives. The possible need for temporary lay-offs and redundancies as well as the duration of the temporary lay-offs will be determined in detail during the co-determination negotiations. The company´s cost saving goal for the year 2009 is EUR 1.5 million. NURMINEN LOGISTICS PLC Lasse Paitsola President and CEO Further information: Mr Lasse Paitsola, President and CEO Tel. +358 400 405 801 DISTRIBUTION NASDAQ OMX Helsinki Major Media www.nurminenlogistics.com Nurminen Logistics Plc Nurminen Logistics provides high-quality logistics services, such as railway transports, terminal services, forwarding and special and heavy transports. 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 CIS countries. The company's share is listed on NASDAQ OMX Helsinki. |
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