Espoo, 2013-08-26 07:00 CEST (GLOBE NEWSWIRE) -- TRAINERS' HOUSE PLC, STOCK EXCHANGE RELEASE, 26 AUGUST 2013 AT 8:00
Trainers' House has concluded the codetermination negotiations concerning its project managers initiated in the beginning of August. As a result of the negotiations, a total of 5 employment contracts in the Group will be terminated.
The Group will save approximately EUR 0.2 million annually due to personnel reductions. The savings will be realized in full during the fourth quarter.
"Trainers' House's business operations are experiencing a period of significant change. We estimate that in the future demand will be directed to our services related to implementation of change. In the codetermination negotiations we were exploring alternatives to enhance the efficiency of our operational functions." states CEO Arto Heimonen.
TRAINERS’ HOUSE PLC
Arto Heimonen, tel. +358 40 412 3456
NASDAQ OMX Helsinki Oy