Rails / Roads - Freight
Nurminen Logistics Oyj Outsources Part of Its Terminal Services in Vuosaari to Transval Handling Oy
Nurminen Logistics Oyj announced that Nurminen Logistics Services Oy and Transval Handling Oy have signed an agreement for the outsourcing of goods handling at Nurminen Logistics’ Vuosaari terminal. The agreement will take effect on May 1, 2013, with 20 employees employed by Nurminen Logistics Services Oy transferring to Transval Handling Oy on the same date.
Gateway Distriparks Ltd Announces Scheme Of Amalgamation
Gateway Distriparks Ltd announced that the Board of Directors of the Company at its meeting held on February 06, 2013 has approved the scheme of amalgamation for merger of Gateway Distriparks (South) Private Ltd with its registered office at New Manali, Chennai, a wholly owned subsidiary of the Company, with the Company with effect from April 01, 2013. Pursuant to the scheme coming into effect, the shares of Gateway Distriparks (South) Private Ltd will stand cancelled and the entire undertaking shall stand transferred to the Company.
Nurminen Logistics Oyj Starts Co-determination Negotiations for Finnish Operations Concerning 270 Employees in Finland and Structural Changes
Nurminen Logistics Oyj announced that the Nurminen Logistics Group is to commence co-determination negotiations pertaining to all personnel in Finland. The Company is planning structural changes to improve its competitiveness and boost the efficiency of its Finnish operations. The reasons for the planned changes include structural changes in demand and flows of goods in Finland and the insufficient profitability of the Group’s Finnish operations. The negotiations concern all of the Company’s personnel in Finland, 270 employees in total. The adjustment requirement is estimated to be no more than 28 man-years. The aim of the changes is to achieve some EUR 800,000 in annual cost savings at the Group level. The planned measures would involve a one-time cost of no more than EUR 400,000, which would be recorded in the second quarter of 2013. The planned changes in production structure will not affect the Company’s strategy of strengthening its position in domestic railway transport in Russia and nearby countries, as well as railway transport between Finland and Russia.
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Analyst Research
| Report Title | Price |
|---|---|
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Provider: Bohai Securities Co.,Ltd.
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$35.00
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Provider: Wright Reports
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$35.00
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Provider: Wright Reports
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$65.00
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Provider: Wright Reports
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$35.00
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Provider: Wright Reports
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$75.00
|
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