Efore - Company Announcement

EFORE STREAMLINES ITS OPERATIONS

Espoo, Finland, 2013-03-05 07:55 CET (GLOBE NEWSWIRE) -- EFORE PLC    Stock
Exchange Release    March 5, 2013    at 8.55 a.m. 


Efore starts profitability and efficiency improvement program targeting to
annual cost base reduction of at least EUR 1.5 million by the end of this year. 

The aim of program is to streamline Efore's operations and organization to
improve the capability to face the demand fluctuations. 

As part of the program Efore commences labour negotiations with its entire
personnel in all locations. According to a preliminary estimate, a reduction in
personnel of at most 75 employees will be required of which at most 15 in
Finland. In Finland, in addition to permanent layoffs, negotiations will be
conducted on possible temporary layoffs affecting all personnel groups. 

On January 31, 2013 Efore total number of employees was 825 and 83 of them
worked in Finland. 

EFORE PLC

Vesa Vähämöttönen
President and CEO

For further information please contact Mr.Vesa Vähämöttönen, President and CEO,
tel. +358 9 4784 6312 


DISTRIBUTION   Nasdaq OMX Helsinki Oy
               Principal media


Efore Group

Efore Group is an international company which develops and produces demanding
power products. Efore's head office is based in Finland and its production unit
is located in China. Efore is present also in Sweden. In the fiscal year ending
in October 2012, consolidated net sales totaled EUR 78,1 million and the
Group's personnel averaged 888. The company's share is quoted on the Nasdaq OMX
Helsinki Ltd. 


www.efore.com





         Mr.Vesa Vähämöttönen, President and CEO, tel. +358 9 4784 6312