Nurminen Logistics Oyj - Company Announcement

Nurminen Logistics starts co-determination negotiations on the temporary lay-off of all personnel in Finland

Nurminen Logistics Plc Stock exchange release 25 September 2014 at 9:00 a.m.

Nurminen Logistics is planning 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 cost-saving pressure is caused by the
declining volume of Finnish imports and exports, as well as the moderate growth
forecast of the Finnish economy. Furthermore, the Russian economy has declined
and is estimated to decline further, which will impact Finnish exports in
particular. The outlook for the turn of the year with regard to the sanctions
between Russia and the EU is gloomy. 

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. 

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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.