Sunday, January 11, 2009

TeliaSonera to Cut 2,900 Jobs in Sweden, Finland

TeliaSonera announced cost reductions in its Swedish and Finnish operations

that are expected to result in annual gross savings of approximately SEK 5 billion compared to the cost base of 2007. These measures will result in a reduction of approximately 2,900 employees, of whom two thirds in Sweden. Notice has been given to 1,200 employees in Sweden.

TeliaSonera said the cuts are necessary to reduced its structural costs than competitors and to be able to continue shifting the product mix to mobility- and IP-based services.

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