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Last checked at 
3 Dec 2012 07:00
3 December 2012
WORK GROUP PLC
(the 'Group')
Trading Update
Work Group plc (LSE - AIM: "WORK"), the AIM quoted talent management company, announces that as a result of the recruitment services market being generally challenging, it expects both revenue and profit to be below current market expectations for the financial year ending 31 December 2012. The Group is experiencing a slow final quarter in particular and as a result expects to report a small loss for the year.
In light of the expected results and the challenging economic environment the Board continues to consider all viable strategic opportunities to maximise value for shareholders. The Board has previously received approaches from third parties who were interested in either individual parts of the business or the business as a whole but no agreement was reached with any of these parties.
www.workgroup.plc.uk
Further enquiries:
Work Group Simon Howard, Executive Chairman Rose Colledge, Chief Executive Officer | Tel: +44 (0)20 7492 0000 |
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Merchant Securities Limited Lindsay Mair Catherine Miles | Tel: +44 (0)20 7628 2200 |
About Work Group plc
The Company offers a range of solutions that enable organisations to win "the war for talent". It focuses on providing services in talent acquisition and talent management that help employers to more effectively attract, engage, develop and retain key staff.
Work Group plc's approach is to help employers reduce their reliance on traditional third-party recruiters, such as head-hunters and recruitment firms, by helping them establish and maintain a direct relationship with prospective employees thereby reducing the cost of hiring. The Company also assists employers in reducing their staff attrition costs through better employee engagement and improved internal communications.
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