Teleste to initiate co-determination negotiations
TELESTE CORPORATION INVESTOR NEWS 2.3.2020 AT 14:10 EET TELESTE TO INITIATE CO-DETERMINATION NEGOTIATIONS Teleste Corporation will initiate co-determination negotiations in accordance with the Act on Co-operation within Undertakings in order to adapt its operations. The negotiations may lead to possible redundancies, temporary lay-offs and part-time employment contracts due to production and financial reasons. The reason for the adjustments is the ongoing technological transformation in the Network Products business area that has led to decreased demand for traditional