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.
The Swedish telephone company Telia cuts 240 jobs in Norway. The restructuring of the company is due to the acquisition of the TV network GET in July 2018, according to the Director. The company has started the redundancy process by offering severance packages. Other planned restructuring measures include a hiring freeze and the termination of contracts with consultants. The trade union was prepared that a downsizing would take place, but not that it would happen this early, according to the shop steward.
The company has its headquarters in Stockholm, and operates in Northern and Eastern Europe, Central Asia and South Asia.
Eurofound (2019), Telia Norge, Internal restructuring in Norway, factsheet number 97776, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97776.