2015-01-02 14:00:00 CET

2015-01-02 14:00:02 CET


REGULATED INFORMATION

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Trainer's House Oyj - Company Announcement

TRAINERS' HOUSE GROUP CONCLUDES CODETERMINATION NEGOTIATIONS 


Espoo, 2015-01-02 14:00 CET (GLOBE NEWSWIRE) -- TRAINERS' HOUSE PLC, STOCK
EXCHANGE RELEASE, 2 JANUARY 2015 AT 15:00 

Trainers' House has concluded the codetermination negotiations concerning the
whole group initiated in December. As a result of the negotiations, a total of
11 employment contracts in Trainers' House Plc and Ignis Oy will be terminated. 

The Company announced December 12th, 2014 that Trainers' House Plc has decided
to apply for restructuring proceedings. In restructuring proceedings it would
be possible to restructure the financial situation and business operations of
the company so that the long-term development of the company would be possible.
As a part of the planned restructuring program Trainers' House and its
subsidiary Ignis Oy initiated co-determination negotiations with their
personnel. 


TRAINERS' HOUSE PLC

Arto Heimonen, tel. +358 40 412 3456
CEO


DISTRIBUTION
OMX Nordic Exchange, Helsinki
Key media
www.trainershouse.fi > Investors