TELESTE CORPORATION PRESS RELEASE 21.12.2017 AT 13:00
THE RESULTS OF TELESTE'S CO-DETERMINATION NEGOTIATIONS
Teleste Corporation's co-determination negotiations have been concluded. As an outcome of these co-determination negotiations the number of employees in Finland will be reduced by 24 persons.
The reductions will be implemented through employment terminations, long-term lay-offs and individual solutions. The reductions affect all employee groups.
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: www.teleste.com and follow @telestecorp on Twitter.
CEO Jukka Rinnevaara, phone +358 2 2605 611 or +358 400 747 488