STOCK EXCHANGE RELEASE November 7, 2013 at 10.15 A.M.
WULFF’S CO-OPERATIONAL NEGOTIATIONS ENDED
The co-operational negotiations with the personnel of Wulff Group Plc and its subsidiaries Wulff Oy Ab and Wulff Looks have ended. The negotiations resulted in layoffs of 9 employees. Additionally it was agreed to have 60 employees’ temporary layoffs of maximum four weeks, which will take place when needed in 2013 and 2014.
The actions will be done due to financial and productional reasons as a part of Wulff’s cost-saving program. The target is to gain savings of EUR 1.0 million which are estimated to impact the result mainly in 2014.
In Vantaa on November 7, 2013.
WULFF GROUP PLC
CEO Heikki Vienola
tel. +358 9 5259 0050 or mobile: +358 50 65 110
NASDAQ OMX Helsinki Oy
Wulff Group Plc is an increasingly international listed company as well as the most significant Nordic player in office supplies and an industry pioneer. Wulff sells and markets office supplies, facility management products, business and promotional gifts, IT supplies as well as ergonomics and first aid products. Customers can also acquire international fair services from Wulff. The newest products are LED lights and lighting solutions. In addition to Finland, Wulff operates in Sweden, Norway, Denmark and Estonia. The customers are attended to personally by more than 300 business-to-business sales professionals and also at Wulff’s stores in Helsinki, Turku and Lahti. In addition to versatile customer specific services, the Group serves its customers online with a non-exclusive web store Wulffinkulma.fi.