Trading Statement

16 Jan 2009 07:00



Work Group plc ("Work")

Trading Update 

Work, the AIM-listed marketing services company, announces a trading update ahead of the release, on 25 March 2009, of its preliminary results for the year ended 31 December 2008.

Despite the increasing challenges that 2008 presented, the Board is confident that full year results will be in line with current expectations. 

Simon Howard, Chairman, comments: "These are of course extraordinary times, but we finished 2008 in line with our revised forecasts and in a strong cash position. We remain debt-free and so we are well-placed to weather such a tough trading environment".

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About Work Group

Work Group is a marketing services company which offers a range of solutions which enable employers to win the war for talent. It focuses on providing services in "talent acquisition and talent development" which enable employers to more effectively recruit, engage, develop and retain key staff.

Work Group's approach is to help employers reduce their traditional reliance on third-party recruiters such as head-hunters and recruitment firms through helping them establish and maintain a direct relationship between employer and prospective employee. It also helps employers reduce attrition costs through better employee engagement and retention of key talent.

Work Group currently operates through two divisions; Communications and Talent Management, providing services from its six locations in the UK and offices in New York and Hong Kong.