Brief: Teleste Commences Change Negotiations

Teleste Oyj

31/08/2023 11:06

Aug 31 (Reuters) - Teleste Oyj  TLT1V.HE :
    * TELESTE COMMENCES CHANGE NEGOTIATIONS
    * THESE NEGOTIATIONS AFFECT ALL TELESTE OYJ PERSONNEL IN ALL
WORK
LOCATIONS IN FINLAND
    * ESTIMATED IMPACT IS 25 PERMANENT REDUNDANCIES, AS WELL AS
POTENTIAL TEMPORARY LAY-OFFS
    * REASON FOR THESE ADJUSTMENTS IS MARKET OUTLOOK DURING REST
OF
2023 AND EARLY 2024, COMBINED WITH INCREASED CORPORATE COSTS
    * PLANNED ACTIONS AIM TO ADJUST OPERATING EXPENSES IN LINE
WITH
SHORT-TERM MARKET SITUATION, WHILST SECURING LONGER-TERM
PROFITABILITY AND GROWTH INTENTIONS
    * NEGOTIATIONS MAY RESULT IN PERSONNEL REDUCTIONS, INCLUDING
PERMANENT REDUNDANCIES, TEMPORARY LAY-OFFS OR PART-TIME
EMPLOYMENT

Source text for Eikon:  ID:nWkr1Zdhsn 
Further company coverage:  TLT1V.HE 

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