Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Telecommunications company TeliaSonera Finland started personnel negotiations at Broadband Services to cut some 390 jobs, in order to ensure its competitiveness and to be able to continue shifting the product mix by investing in IPbased services. The streamlining affects nearly all sectors of the broadband business in Finland.
The personnel negotiations to be launched affect nearly all sectors of the broadband business, i.e. the production units, customer processes, sales and marketing. Geographically, the streamlining needs are distributed fairly evenly across different parts of the country, the main focus being on the operations located in the Helsinki metropolitan area.
According to Juha-Pekka Weckström, Senior Vice President of TeliaSonera Broadband Services Finland, the current cost structure is too high compared to competitors. "We have to cut the costs significantly to ensure that we can invest for the future. The aim is also to cover the costs we incur from the unprofitable business we conduct in sparsely-populated areas on a much larger scale than our competitors".
TeliaSonera Broadband Services Finland comprises, for example, consumer broadband services, fixed voice for consumer and business customers and fixed-network services for business customers. All in all, Broadband Services employs some 3,200 people in Finland.
The announcement follows a recent cut of 1000 jobs in the TeliaSonera group.
Eurofound (2009), TeliaSonera Finland, Internal restructuring in Finland, factsheet number 68001, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68001.
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