Teleste commences change negotiations
Teleste CorporationPress releaseJanuary 9, 2024, at 13:45 EET TELESTE COMMENCES CHANGE NEGOTIATIONS Teleste Corporation commences change negotiations in accordance with the Act on Co-operation, regarding measures aimed at adjusting company’s operations and improving profitability. The negotiations may lead to permanent layoffs, temporary layoffs, or part-time employment. The planned measures aim to adjust the cost structure of the common group functions and the Broadband Networks business unit to the current market situation, improving the company's profitability and growth