Teleste commences change negotiations
Teleste CorporationPress releaseAugust 31, 2023, at 11:05 EEST TELESTE COMMENCES CHANGE NEGOTIATIONS Teleste Corporation commences change negotiations in accordance with Act on Co-Operation, regarding actions which target adjustments to company’s operations and improvement in profitability. The negotiations may result in personnel reductions, including permanent redundancies, temporary lay-offs or part-time employment. The reason for these adjustments is the market outlook during the rest of 2023 and early 2024, combined with increased corporate costs. The planned actions aim