diff --git a/inference-engine/src/transformations/src/transformations/common_optimizations/nop_elimination.cpp b/inference-engine/src/transformations/src/transformations/common_optimizations/nop_elimination.cpp
index 21a5d0dbe76..9bd439e42ce 100644
--- a/inference-engine/src/transformations/src/transformations/common_optimizations/nop_elimination.cpp
+++ b/inference-engine/src/transformations/src/transformations/common_optimizations/nop_elimination.cpp
@@ -93,15 +93,20 @@ static bool eliminate_reshape_v1(const std::shared_ptr<Node>& node) {
         return replace_output_update_name(node->output(0), input);
     }
     // eliminate redundant reshape, squeeze, or unsqueeze
-    if (is_type<opset3::Squeeze>(input.get_node()) ||
-        is_type<opset3::Unsqueeze>(input.get_node()) || is_type<opset3::Reshape>(input.get_node())) {
+    auto input_node = input.get_node_shared_ptr();
+    if (as_type_ptr<opset3::Squeeze>(input_node) ||
+        as_type_ptr<opset3::Unsqueeze>(input_node) ||
+        as_type_ptr<opset3::Reshape>(input_node)) {
         auto shape = node->get_output_shape(0);
         std::vector<int64_t> vi;
         vi.assign(shape.begin(), shape.end());
         auto pat = opset3::Constant::create<int64_t>(element::i64, Shape{vi.size()}, vi);
         auto new_reshape =
             make_shared<opset3::Reshape>(input.get_node()->input_value(0), pat, false);
-        return replace_node_update_name(node, new_reshape);
+        new_reshape->set_friendly_name(node->get_friendly_name());
+        copy_runtime_info({input_node, node}, new_reshape);
+        replace_node(node, new_reshape);
+        return true;
     }
 
     return false;
diff --git a/inference-engine/src/transformations/src/transformations/rt_info/fused_names_attribute.cpp b/inference-engine/src/transformations/src/transformations/rt_info/fused_names_attribute.cpp
index eef8b4b1271..cd3857b0d58 100644
--- a/inference-engine/src/transformations/src/transformations/rt_info/fused_names_attribute.cpp
+++ b/inference-engine/src/transformations/src/transformations/rt_info/fused_names_attribute.cpp
@@ -35,7 +35,7 @@ std::vector<std::string> FusedNames::getVectorNames() const {
 }
 
 void FusedNames::fuseWith(const FusedNames &names) {
-    for (auto name : names.fused_names) {
+    for (const auto & name : names.fused_names) {
         fused_names.insert(name);
     }
 }
diff --git a/inference-engine/tests/functional/inference_engine/transformations/nop_elimination.cpp b/inference-engine/tests/functional/inference_engine/transformations/nop_elimination.cpp
index 71ff51c2936..3b2befc66d2 100644
--- a/inference-engine/tests/functional/inference_engine/transformations/nop_elimination.cpp
+++ b/inference-engine/tests/functional/inference_engine/transformations/nop_elimination.cpp
@@ -17,6 +17,7 @@
 #include <transformations/common_optimizations/nop_elimination.hpp>
 #include <transformations/utils/utils.hpp>
 #include <transformations/init_node_info.hpp>
+#include <transformations/rt_info/fused_names_attribute.hpp>
 
 #include "common_test_utils/ngraph_test_utils.hpp"
 
@@ -139,6 +140,45 @@ TEST(nop_elimination, reshape_elimination_v1) {
     ASSERT_TRUE(count_ops_of_type<op::v1::Reshape>(func_zero) == 1);
 }
 
+TEST(nop_elimination, squeeze_reshape_elimination_check_info) {
+    std::shared_ptr<Function> f;
+    {
+        auto arg = std::make_shared<opset4::Parameter>(element::f32, PartialShape{8, 16, 1, 3});
+
+        auto relu = std::make_shared<opset4::Relu>(arg);
+        relu->set_friendly_name("relu");
+
+        auto squeeze_axes = opset4::Constant::create(element::i64, Shape{1}, {2});
+        auto squeeze = std::make_shared<opset4::Squeeze>(relu, squeeze_axes);
+        squeeze->set_friendly_name("squeeze");
+
+        auto reshape_shape = opset4::Constant::create(element::i64, Shape{4}, {8, 16, 1, 3});
+        auto reshape = std::make_shared<opset4::Reshape>(squeeze, reshape_shape, false);
+        reshape->set_friendly_name("reshape");
+
+        auto abs = std::make_shared<opset4::Abs>(reshape);
+
+        f = std::make_shared<Function>(NodeVector{abs}, ParameterVector{arg});
+    }
+
+    pass::Manager pass_manager;
+    pass_manager.register_pass<pass::InitNodeInfo>();
+    pass_manager.register_pass<pass::NopElimination>();
+    pass_manager.run_passes(f);
+
+    bool reshape_is_missing = true;
+    for (auto node : f->get_ops()) {
+        if (node->get_friendly_name() == "reshape") {
+            reshape_is_missing = false;
+            ASSERT_TRUE(std::dynamic_pointer_cast<opset4::Reshape>(node));
+            auto original_names = getFusedNamesVector(node);
+            sort(original_names.begin(), original_names.end());
+            ASSERT_EQ(original_names, std::vector<std::string>({"reshape", "squeeze"}));
+        }
+    }
+    ASSERT_FALSE(reshape_is_missing);
+}
+
 TEST(nop_elimination, reshape_elimination_v1_dynamic) {
     auto arg = std::make_shared<op::Parameter>(element::i64, PartialShape::dynamic());
     auto pattern = make_shared<op::Parameter>(element::i64, PartialShape::dynamic(1));
diff --git a/ngraph/core/src/graph_util.cpp b/ngraph/core/src/graph_util.cpp
index 604b902fb3f..d9c0f44d6b4 100644
--- a/ngraph/core/src/graph_util.cpp
+++ b/ngraph/core/src/graph_util.cpp
@@ -902,10 +902,10 @@ bool ngraph::replace_output_update_name(Output<Node> output, const Output<Node>&
         if (has_result_output && !is_type<ngraph::op::Parameter>(replacement.get_node()))
         {
             replacement.get_node()->set_friendly_name(output.get_node()->get_friendly_name());
-            copy_runtime_info({replacement.get_node_shared_ptr(), output.get_node_shared_ptr()},
-                              replacement.get_node_shared_ptr());
         }
         output.replace(replacement);
+        copy_runtime_info({replacement.get_node_shared_ptr(), output.get_node_shared_ptr()},
+                          replacement.get_node_shared_ptr());
         return true;
     }
     return false;