Teleste commences Co-determination negotiations to continue temporary layoffs
TELESTE CORPORATION INVESTOR NEWS 28.9.2020 AT 12:05 EEST TELESTE COMMENCES CO-DETERMINATION NEGOTIATIONS TO CONTINUE TEMPORARY LAYOFFS As continuation to previously announced COVID-19 pandemic related measures, Teleste Oyj is initiating co-determination negotiations, in accordance with the Act on Co-operation within Undertakings. The negotiations on possible temporary layoffs concern approximately 330 employees in Network Products business unit and its related functions in Finland. Possible layoffs will last for a maximum of 90 days. Corresponding adapting measures will also