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Provider: Wright Reports

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Trainers House Oyj Starts Codetermination Negotiations Potentially Resulting in Personnel Reduction of 10 Persons

Monday, 5 Aug 2013 02:35am EDT 

Trainers House Oyj announced that the Company starts codetermination negotiations concerning its project managers in order to adjust its business operations to correspond to the current demand and the current scope of the group's operations. Trainers' House aims at cost savings of approximately EUR 0.2 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. 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. 

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