Trainer's House Oyj - Company Announcement

TRAINERS' HOUSE GROUP CONCLUDES CODETERMINATION NEGOTIATIONS

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

Attachments:

Porssitiedote 11.2.2013 ENG.pdf