Telco restructures

30 Nov 2005

Finnish telco TeliaSonera has unveiled a massive cost-cutting programme which will see employee numbers slashed. The telco is hoping to cut costs by EUR100 million a year from 2006 and EUR200 million a year from 2008 by reorganising its business and reducing its workforce. The firm says the job cuts will be made via voluntary schemes rather than forced redundancies, but did not disclose exact figures. It also says it will now focus on bringing more income from existing customers rather than winning new subscribers. TeliaSonera is the leading cellular operator in Finland and the country’s second largest fixed line operator, but it faces fierce competition from rival network owners Elisa and DNA plus a number of resellers.

Finland, Telia Finland