Type
Internal restructuring
Country
Sweden
Region
Location of affected unit(s)
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications

3,000 jobs
Number of planned job losses
Job loss
Announcement Date
4 August 2005
Employment effect (start)
Foreseen end date
31 December 2007

Description

The restructuring plan put forward in the interim report January-June 2005 is expected to result in a reduction of approximately 3,000 employees and to reduce annual costs by SEK 4 to 5 billion (€416–520 million) by 2008. Costs for this restructuring may amount to SEK 5 billion (€520 million).


Sources

  • 4 August 2005: Interim Report January-June 2005
  • 4 August 2005: Svenska Dagbladet

Citation

Eurofound (2005), TeliaSonera, Internal restructuring in Sweden, factsheet number 62122, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62122.