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Provider: Reuters Investment Profile
Provider: Wright Reports

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Nurminen Logistics Oyj Starts Co-Determination Negotiations Potentially Resulting in Permanent and Temporary Layoffs

Wednesday, 12 Jun 2013 06:00am EDT 

Nurminen Logistics Oyj announced that the Company is to commence co-determination negotiations pertaining to terminal and forwarding personnel in Nurminen Logistics Services Oy’s Railway Logistics business unit. The reason for starting co-determination negotiations is to adjust costs and operations to match the prevailing market and competitive conditions. The negotiations concern a total of 67 employees. The company’s preliminary view is that the adjustments will consist of permanent layoffs and temporary layoffs of no more than 90 days. 

Company Quote

-0.06 -4.03%
24 Jul 2014