Determination Negotiations

Teleste Oyj

02/03/2020 12:52

March 2 (Reuters) - Teleste Oyj  TLT1V.HE :
    * REG-TELESTE TO INITIATE CO-DETERMINATION NEGOTIATIONS
    * POTENTIAL NEED FOR PERSONNEL REDUCTIONS IS ESTIMATED TO
MAXIMUM
35 PEOPLE
    * REASON FOR ADJUSTMENTS IS ONGOING TECHNOLOGICAL
TRANSFORMATION
IN NETWORK PRODUCTS BUSINESS AREA THAT HAS LED TO DECREASED
DEMAND FOR TRADITIONAL ACCESS NETWORK PRODUCTS, AS STATED IN
2019 FINANCIAL STATEMENT RELEASE
    * NEGOTIATIONS WILL AIM TO FIND SOLUTIONS FOR ADAPTING
TELESTE'S
OPERATIONS TO TECHNOLOGICAL TRANSFORMATION

Source text for Eikon:  ID:nGNE6Wtgrd 
Further company coverage:  TLT1V.HE 

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