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2013-09-20 13:00:00 CEST 2013-09-20 13:00:04 CEST REGULATED INFORMATION Nurminen Logistics Oyj - Company AnnouncementNurminen Logistics launches profit improvement programme in its Finnish unitsNurminen Logistics Plc Stock exchange release 20 September 2013 at 2:00 p.m. Nurminen Logistics is launching a profit improvement programme in order to improve its profitability, competitiveness and operational requirements in a challenging business environment. As part of the programme, the company will start co-determination negotiations in its Finnish units. The profit improvement programme will take place in 2013 - 2014. The programme aims at annual savings of EUR 2 million in fixed expenses as of 2014. The programme may include restructuring and other efficiency measures in order to improve profitability. The co-determination negotiations concern all employees in Finland. According to preliminary estimates, the need for personnel cuts is estimated to be approximately 40 employees. The measures and the impacts on personnel will be specified in the negotiations with the employees. The non-recurring expenses arising from the need for personnel reduction amount to approximately EUR 600 thousand, which will be recognised for the last quarter of 2013. Nurminen Logistics had a total of 246 employees in Finland on 30 June 2013. The efficiency programme will have no impact on the company's business or service portfolio. 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 transport, terminal services, forwarding, special and heavy transport and value-added services. The company has accumulated logistics know-how in 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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