Martela Oyj
MARTELA INCREASES EFFICIENCY OF ITS SUPPLY CHAIN
Martela Oyj 25.04.2014 10:30 Dissemination of a Adhoc News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- MARTELA CORPORATION STOCK EXCHANGE RELEASE 25.4.2014 at 11.30 am MARTELA INCREASES EFFICIENCY OF ITS SUPPLY CHAIN Codetermination negotiations were commenced today at Martela's Swedish unit with the aim of further increasing the efficiency of the Group's supply chain. Increased efficiency will be sought by redistributing the production of selected products between Swedish and Finnish production units. The aim is to create a clear role for each Martela production unit in order to ensure a more flexible and efficient service for customers. The negotiations may lead to a maximum of 23 redundancies. The planned measures are part of a EUR 6.0 million savings programme announced by Martela in the autumn of 2013, and they are estimated to have an annual effect of about EUR 1.0 million. Martela Corporation Heikki Martela Chief Executive Officer For more information, please contact Martela Corporation Heikki Martela, Chief Executive Officer, tel. +358 50 502 4711 Markku Pirskanen, Chief Financial Officer, tel. +358 40 517 4606 Distribution NASDAQ OMX Nordic Main news media www.martela.fi News Source: NASDAQ OMX 25.04.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Martela Oyj Finland Phone: Fax: E-mail: Internet: ISIN: FI0009900385 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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