Telia to Cut 900 Jobs and Save 1 Billion Crowns
Swedish telecom operator Telia plans to eliminate approximately 900 positions to reduce annual operating costs by 1 billion crowns. The company aims to complete the workforce reduction by the end of the year while localizing operations.
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TELIA CO AB will cut 900 jobs, reducing its Sweden workforce by 6% to save $100M annually. The telecom operator aims to streamline operations and transfer 220 positions to local country units by late evening on December 31. This restructuring follows a previous reduction that left the company with 14,100 employees as of October 1.
