MARTELA CORPORATION STOCK EXCHANGE RELEASE 1.3.2016 at 3.00 p.m.
MARTELA TO STREAMLINE ITS SUPPLY CHAIN
Martela has today invited representatives of the personnel of its Bodafors facility in Sweden to negotiations under the Swedish Co-Determination at Work Act. The negotiations concern improvements to the efficiency of operations at the Martela Ab logistics centre in Bodafors and the possible impact this will have on the personnel. The purpose of the measures being considered is to create a more flexible supply chain in response to a changed and more varied customer demand and to implement the Martela Lifecycle strategy more effectively. In addition to improving the supply chain, the planned measures target a EUR 0.5 million reduction in annual costs. The savings are part of the EUR 4.0 million savings programme Martela announced in April 2015.
All personnel at the Martela Ab logistics centre in Bodafors are included within the scope of the negotiations. According to the company’s preliminary assessment, the negotiations may possibly lead to a maximum reduction of 17 people.
Helsinki, 1 March 2016
Martela Corporation
Matti Rantaniemi
CEO
Further information:
Martela Corporation
Matti Rantaniemi, CEO, tel. +358 50 465 8194
Markku Pirskanen, CFO, tel. +358 40 517 4606
Distribution
NASDAQ OMX Nordic
Main media
www.martela.com
