Telia Sweden

Telia has announced a new restructuring plan that could eliminate around 900 positions across five Nordic and Baltic countries, just nine months after a previous round of job reductions. The Swedish telecommunications group presented the proposals on Monday, 12 October, targeting annual gross savings of SEK 1 billion (€89 million).

Thousands of jobs have been cut across the telecoms industry in recent months, with operators and vendors looking to reduce costs and restructure their businesses. Companies including Telia, Nokia, Telefónica, Vodafone and T-Mobile US have all announced job cuts, with some planning further reductions as they look to improve efficiency and remain competitive.

Communications-services companies rose amid optimism about earnings in the sector. Investment firm Koch Equity Development and members of the Getty family committed to invest $533 million in equity in photo-archive firm Getty Images to facilitate the company going private and filing for Chapter 11 bankruptcy.

The company aims to make the necessary decisions by the end of 2026, it said in a press release, noting that Telia has already begun consultations with the Estonian Unemployment Insurance Fund (EUIF). The restructuring comes as Telia increasingly adopts artificial intelligence (AI), digitalization and automation to reduce costs and remain competitive.

STOCKHOLM, - Swedish telecom operator Telia said on Monday it planned to cut around 900 jobs across the company, roughly 6% of its workforce, and cut annual operating costs by 1 billion crowns ($99.96 million).

In today’s industry news roundup: Telia is further reducing its headcount, this time by more than 6%, as it targets annual opex savings of $100m; fixed broadband technology advances and capabilities are in the spotlight,

The telecoms operator Telia will reduce about a total of 900 employees including 280 in Finland as a part of its restructuring moves to cut costs, said the company in a press release on Monday. The company also decided to transfer approximately 220 positions primarily from its common Technology unit to the country units.

The move comes as part of the company’s wider cost-cutting measures aimed at saving SEK 1 billion ($100 million) in annual gross savings. The job losses will impact all Telia’s markets, with 260 jobs cut in Sweden, 280 in Finland, 150 in Norway, 110 in Lithuania, and 100 in Estonia.

Swedish telecoms company Telia has announced plans to cut 900 jobs by the end of this year. The carrier confirmed the plans this morning, noting that the cuts are necessary as part of the company's cost-saving strategy.

STOCKHOLM, Oct 12 (Reuters) - Swedish telecom operator Telia said on Monday it planned to cut around 900 jobs across the company and lower its operating cost base by 1 billion crowns ($99.96 million).

Swedish operator Telia is planning to cut around 900 jobs by the end of the year as part of what it calls a "localization" drive targeting 1 billion Swedish kronor (US$100 million) in annual gross savings.

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