Brief: Teleste Commences Negotiations On Possible Temporary Layoffs

Teleste Oyj

30/03/2020 12:14

March 30 (Reuters) - Teleste Oyj  TLT1V.HE :
    * TELESTE COMMENCES CO-DETERMINATION NEGOTIATIONS IN
PREPARATION
FOR CORONA VIRUS IMPACT
    * ON CORONAVIRUS: TELESTE INITIATES CO-DETERMINATION
NEGOTIATIONS,
IN ACCORDANCE WITH ACT ON CO-OPERATION WITHIN UNDERTAKINGS
    * NEGOTIATIONS ON POSSIBLE TEMPORARY LAYOFFS CONCERN ENTIRE
PERSONNEL, APPROXIMATELY 500 EMPLOYEES, IN TELESTE OYJ AND
TELESTE INFORMATION SOLUTIONS OY IN FINLAND AND WILL LAST FOR A
MAXIMUM OF 90 DAYS
    * CORRESPONDING ADAPTING MEASURES WILL ALSO BE IMPLEMENTED
IN
TELESTE'S FOREIGN UNITS IF NECESSARY.
    * MEASURES ARE PLANNED TO BE IMPLEMENTED IN DIFFERENT
BUSINESS
UNITS IN DIFFERENT PHASES BASED ON THEIR SITUATION

Source text for Eikon:  ID:nGNE2zWxKk 
Further company coverage:  TLT1V.HE 

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