Information
Swedish telco big Telia has introduced plans to chop round 900 jobs by the tip of the yr
The transfer comes as a part of the corporate’s wider cost-cutting measures aimed toward saving SEK 1 billion ($100 million) in annual gross financial savings.
The job losses will impression all Telia’s markets, with 260 jobs reduce in Sweden, 280 in Finland, 150 in Norway, 110 in Lithuania, and 100 in Estonia. All cuts shall be confirmed by the tip of the yr.
Along with the shrinking headcount, the corporate may even be restructuring focussing on localisation, with 220 positions – primarily from its central Know-how unit – being relocated to its devoted nation models.
The corporate was reported as having 14,100 workers initially of this month throughout Sweden, Finland, Norway, Estonia, and Lithuania.
“We should all the time change into even less complicated, quicker and extra environment friendly in all the things we do. We wish to empower our international locations extra, get the utmost from our frequent Know-how unit and different Group Features, and sharpen Telia’s edge in a really aggressive market. Crucially, we wish to proceed investing in nice merchandise and experiences for our prospects,” mentioned Telia President and CEO, Patrik Hofbauer.
“We’re dedicated to fixed enchancment, and this proposed subsequent step is constructed from a place of power. We recognise it’s going to contain troublesome selections and would require assist for all our folks. We imagine that Telia can carry out even higher, and we see a possibility to change into a number one European telco.”
The restructuring is anticipated to end in expenses of round SEK 600 million ($60 million) in This autumn 2026, with the money movement impression anticipated to be felt into 2027.
Telia has been downsizing lately, first saying a serious restructuring in December 2024 slicing 3,000 roles. This was adopted up initially of this yr with 600 additional cuts, albeit with 150 new positions to be created in ‘development areas’.
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