Teleste commences co-determination negotiations

Company

TELESTE CORPORATION PRESS RELEASE 10.11.2017 AT 10:00

TELESTE COMMENCES CO-DETERMINATION NEGOTIATIONS

Teleste is about to commence co-determination negotiations in order to reduce costs, to improve business operations and to secure profitable growth in the coming years.

In order to maintain its leading market position and to achieve its financial targets the company needs to increase operational efficiency and productivity.

Potential personnel reduction need in Finland is estimated to be approx. 30 persons.

Teleste offers an integrated product and service portfolio that makes it possible to build and run a better networked society. Our solutions bring television and broadband services to your home, secure your safety in public places and guide your use of public transport. With solid industry experience and drive for innovations, we are a leading international company in broadband, security and information technologies and related services. We connect with our customers through a global network of offices and partners. In 2016, Teleste’s net sales reached EUR 260 million and the company employed over 1500 people. Teleste is listed on Nasdaq Helsinki. For more information see www.teleste.com and follow @telestecorp on Twitter.

TELESTE CORPORATION

Jukka Rinnevaara
CEO

ADDITIONAL INFORMATION:
CEO Jukka Rinnevaara, phone +358 400 747 488

DISTRIBUTION:
Nasdaq Helsinki
Main Media
www.teleste.com