TeliaSonera makes domestic job cuts

14 Jan 2009

Stockholm-based telecoms group TeliaSonera gave notice to 1,200 employees in Sweden on Monday as part of the firm’s ongoing ‘efficiency measures’, reports newspaper The Local. Early last year, the company announced that it would slash 2,900 jobs in total, with the measures expected to result in gross savings of SEK5 billion (USD620 million) ‘compared to the cost base of 2007.’ TeliaSonera said the move was necessary to avoid having ‘higher structural costs than competitors and to be able to continue shifting the product mix to mobility- and IP-based services.’ By the end of the third quarter in 2008, around 1,300 employees in Sweden and Finland had been laid off as part of the company’s efficiency drive, according to spokeswoman Cecilia Edstrom. Monday’s announcement would primarily affect employees at the fixed broadband unit, she added.

Sweden, Telia Company, Telia Sweden