Trainer's House Oyj - Company Announcement

Trainers' House starts codetermination negotiations

Espoo, 2013-01-23 07:30 CET (GLOBE NEWSWIRE) -- TRAINERS' HOUSE PLC, STOCK
EXCHANGE RELEASE, 23 JANUARY 2013 AT 8:30 

Trainers' House starts codetermination negotiations in order to enhance the
efficiency of its business operations and to reduce the costs of its operations
so that the costs are in proportion to the level of net sales. Trainers' House
aims at cost savings of approximately EUR 0,9 million on an annual level. The
cost savings will primarily be sought from other sources than through reduction
of personnel, but based on the company's preliminary estimate it is possible
that the reorganizations may potentially also lead to a reduction of less than
10 persons in total from different business units. The aim of the
codetermination negotiations is to find alternative solutions to possible
layoffs, to seek alternative sources of cost savings and to explore other
alternatives which could reduce the amount of the possible personnel reductions
and to minimize the consequences for the personnel. "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 are
seeking to explore alternatives to enhance the efficiency of our organization."
states CEO Arto Heimonen. 

Trainers' House will publish its financial statements bulleting for 2012 on 14
February 2013 at 8:30. 


TRAINERS' HOUSE PLC
Board of Directors

FURTHER INFORMATION
Arto Heimonen, tel. +358 40 412 3456
CEO

DISTRIBUTION
NASDAQ OMX Helsinki Oy
Main media
www.trainershouse.fi

Attachments:

Porssitiedote 2013_01_23 ENG.pdf