Friday, February 8, 2008

Finland: TeliaSonera Cutting 2,900 Jobs

The Finnish-Swedish telecommunications company TeliaSonera is starting talks with employees on cutting 2,900 jobs by the end of next year. Last week, the company reported fourth-quarter profits of over three quarters of a billion euros.

The company plans to eliminate nearly 1,000 jobs in Finland and around 2,000 in Sweden -- or about one-sixth of its workforce. The downsizing is aimed at 530 million euros in savings.

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