Espoo, 2013-02-11 07:00 CET (GLOBE NEWSWIRE) --
TRAINERS' HOUSE PLC, STOCK EXCHANGE RELEASE, 11 FEBRUARY 2013 AT 8:00
Trainers' House has concluded the codetermination negotiations concerning the whole group initiated in January. As a result of the negotiations, a total of 9 employment contracts in the Group will be terminated.
The Group will save approximately EUR 0.9 million annually due to personnel reductions and rationalization. The savings will be realized in full during the third quarter. The non-recurring costs of personnel reductions and estimated other costs of the restructuring are approximately EUR 0.1 million and will be booked in the first quarter's reporting.
TRAINERS' HOUSE PLC
Arto Heimonen, tel. +358 40 412 3456
CEO
DISTRIBUTION
NASDAQ OMX Helsinki Oy
Main media
www.trainershouse.fi
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